OakChart

Sound Point Meridian Capital Inc

SPMCFinancial·Asset Management·USA·Micro·NYSE·Nov 11 • 3:22 PM ET

5.82+0.04 (0.66%)
2026-11-11 21:29 CET
Market cap
121.72 USD m
Revenue, TTM
66.28 USD m
Net income, TTM
-126.23 USD m
Free cash flow, TTM
85.42 USD m
EPS diluted, TTM
-6.12
P/E
-
Compare

Price

SPMC against its 20, 50 and 200-day averages
2050200
6.008.0010.0012.0014.0068K137KVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SPMCclose 5.8220-day 6.0150-day 7.65200-day 9.715.82

65.3% under the 52-week high of 16.75 on 12 Nov 2025. 52-week low 5.43 on 5 Nov 2026. Last 15 sessions, 18.8% high to low

Volume 0.41× normal · the line is the 50-bar volume average

Profile

SPMC
52-week range, 3% of the way up
5.4316.75

Sound Point Meridian Capital, Inc. operates as a closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. It seeks to achieve its investment objectives by investing primarily in equity and mezzanine tranches of collateralized loan obligations. The company was founded on May 13, 2022 and is headquartered in New York, NY.

IPOJun 14, 2024
Beta1.33
ATR, 14d0.36
Rel volume0.41
Short float0.09%
Insider own25.95%
Inst own104.29%

Snapshot

6 groups

Valuation

Index-
Market Cap122.53M
Enterprise Value176.72M
Income-126.23M
Sales66.28M
Book/sh9.63
Cash/sh0.28
Dividend Est.1.98 (34.03%)
Dividend TTM2.58 (44.34%)
Dividend Ex-DateNov 13, 2026
Dividend Gr. 3/5Y- -
Payout-
Employees-
IPOJun 14, 2024

Ratios

P/E-
Forward P/E4.69
PEG-
P/S1.85
P/B0.60
P/C21.09
P/FCF1.43
EV/EBITDA-
EV/Sales2.67
Quick Ratio0.09
Current Ratio0.09
Debt/Eq0.30
LT Debt/Eq0.00
Option/ShortNo / Yes

Earnings

EPS (ttm)-6.12
EPS next Y1.24
EPS next Q0.29
EPS this Y-39.35%
EPS next Y10.52%
EPS next 5Y-
EPS past 3/5Y- -
Sales past 3/5Y- -
EPS Y/Y TTM-805.67%
Sales Y/Y TTM15.28%
EPS Q/Q-
Sales Q/Q-
EarningsNov 12 BMO
EPS/Sales Surpr.- -

Ownership

Insider Own25.95%
Insider Trans0.03%
Inst Own104.29%
Inst Trans-
ROA-28.41%
ROE-43.51%
ROIC-63.53%
Gross Margin72.03%
Oper. Margin-169.34%
Profit Margin-190.44%
SMA20-3.12%
SMA50-23.95%
SMA200-40.07%
Trades-

Technical

Shs Outstand21.06M
Shs Float15.59M
Short Float0.09%
Short Ratio0.41
Short Interest0.01M
52W High16.75 -65.26%
52W Low5.43 7.15%
Volatility7.44% 6.13%
ATR (14)0.36
RSI (14)36.62
Beta1.33
Rel Volume0.41
Avg Volume32.50K
Volume12,386

Performance

Perf Week-6.16%
Perf Month-21.06%
Perf Quarter-43.01%
Perf Half Y-47.68%
Perf YTD-57.69%
Perf Year-64.87%
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom1.80
Target Price9.75
Prev Close5.78
Price5.82
Change %0.66%

Analyst ratings

latest 4 of 4
DateActionAnalystRating changeTargetImplied
Feb 12, 2026DowngradeRB. Riley SecuritiesBuy → Neutral$16 → $12+106.2%
Dec 01, 2025DowngradeOOppenheimerOutperform → Perform
Jul 18, 2025InitiatedAAlliance Global PartnersBuy$20+243.7%
Oct 09, 2024InitiatedRB. Riley SecuritiesBuy$22.50+286.7%

Peers

Mkt cap
TickerCompanyMkt cap
EARNEllington Credit Co125.20M
OXSQOxford Square Capital Corp97.30M
PSBDPalmer Square Capital BDC Inc298.68M
SARSaratoga Investment Corp197.69M
BBDCBarings BDC Inc918.80M
PFLTPennantPark Floating Rate Capital Ltd675.67M
WHFWhiteHorse Finance Inc177.72M
BCSFBain Capital Specialty Finance Inc731.05M
TCPCBlackRock TCP Capital Corp348.10M
PNNTPennantPark Investment Corp216.46M

Insider trading

latest 14 of 19
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Forstenhausler Matthew E.DirectorAug 27 '26Buy9.292,40022,28412,496Aug 28 04:12 PM
Forstenhausler Matthew E.DirectorAug 26 '26Buy9.211,60014,72810,096Aug 28 04:12 PM
Forstenhausler Matthew E.DirectorAug 26 '26Sale9.202,42722,3338,496Aug 28 04:12 PM
ASSURED GUARANTY LTD10% OwnerApr 30 '26Buy24.72242,7186,000,0001,002,718Apr 30 07:15 PM
Forstenhausler Matthew E.DirectorFeb 13 '26Buy11.502,00023,0009,644Feb 18 06:09 PM
Ketchum StephenChairmanFeb 13 '26Buy11.401,00011,40093,090Feb 18 06:05 PM
ASSURED GUARANTY LTD10% OwnerJan 29 '26Sale14.322373,3935,269,453Feb 02 06:31 PM
ASSURED GUARANTY LTD10% OwnerJan 27 '26Sale14.314,56265,2645,269,690Jan 27 06:20 PM
ASSURED GUARANTY LTD10% OwnerJan 23 '26Sale14.293054,3595,274,252Jan 27 06:20 PM
ASSURED GUARANTY LTD10% OwnerJan 12 '26Sale14.723,78255,6605,276,372Jan 14 06:13 PM
ASSURED GUARANTY LTD10% OwnerJan 14 '26Sale14.481,65023,8895,274,557Jan 14 06:13 PM
ASSURED GUARANTY LTD10% OwnerJan 13 '26Sale14.501652,3925,276,207Jan 14 06:13 PM
Forstenhausler Matthew E.DirectorDec 18 '25Buy13.604,11856,0056,318Dec 19 05:14 PM
Forstenhausler Matthew E.DirectorDec 17 '25Buy13.701,20016,4402,200Dec 19 05:14 PM

Held by

AUM
TickerCompanyAUM
VPCVirtus Private Credit Strategy ETFAUM: 26.60M
PFRLPGIM Floating Rate Income ETFAUM: 138.23M

News

latest 14 of 104

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
No quarterly earnings.

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2024FY2.2202.3730.86670.2865.86
2025FY1.8501.926-6.14067.4570.79
2026FY-1.122--52.31
2027FY-1.240--55.60
2028FY-1.970---

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026FYS2026-10-2652052.3150.4055.93
2026FYS2026-10-1452252.3150.4055.93
2026FYS2026-10-1342252.7851.0055.93
2026FYS2026-09-2441352.6550.5655.93
2026FYS2026-09-0430352.4950.5655.93
2026FYS2026-08-1240352.1050.5655.93
2026FYS2026-08-1140059.1050.9262.69
2026FYS2026-08-1040159.1050.9262.69
2026FYS2026-05-2840459.1050.9262.69
2026FYS2026-05-2740361.8550.9272.90
2026FYS2026-04-2850271.9066.2279.30
2026FYS2026-04-2750371.9066.2279.30
2026FYS2026-04-0950571.9066.2279.30
2026FYS2026-03-1350573.8066.2279.30

Estimate history

EPS, annual0.866-6.119
Period20242025
EPS, quarterly-
PeriodQ1 '24
Sales, annual70.14666.279
Period20242025
Sales, quarterly0
PeriodQ1 '24
Shares, annual20.31920.629
Period20242025
Shares, quarterly-
PeriodQ1 '24

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY
Total Revenue66.2866.2870.15
Total Expenses178.52178.5247.87
Operating Income-112.24-112.2422.28
Unusual Expense0.000.000.00
Net Income Before Taxes-126.23-126.2317.60
Income Taxes0.000.000.00
Consolidated Net Income-126.23-126.2317.60
Net Income From Continuing Operations-126.23-126.2317.60
Net Income-126.23-126.2317.60
EPS (Recurring)-6.12-6.120.87
EPS (Basic, Before Extraordinaries)-6.12-6.120.87
EPS (Diluted)-6.12-6.120.87
Non-Operating Income (Expense)0.000.000.00
Other After Tax Adjustments0.000.000.00
Price To Sales Ratio2.792.795.78
Gross Margin72.0372.0373.15
Operating Margin-169.34-169.3431.76
Net Margin-190.44-190.4425.09
Shares Outstanding20.6320.6320.32
Market Capitalization121.72121.72404.47

Income statement, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S1
Total Revenue27.9038.3842.7814.71
Total Expenses138.6339.8827.307.91
Operating Income-110.73-1.5115.486.80
Unusual Expense0.000.000.000.00
Net Income Before Taxes-118.66-7.5611.466.14
Income Taxes0.000.000.000.00
Consolidated Net Income-118.66-7.5611.466.14
Net Income From Continuing Operations-118.66-7.5611.466.14
Net Income-118.66-7.5611.466.14
EPS (Recurring)-5.75-0.370.560.30
EPS (Basic, Before Extraordinaries)-5.75-0.370.560.30
EPS (Diluted)-5.75-0.370.560.30
Non-Operating Income (Expense)0.000.000.000.00
Price To Earnings Ratio-20.00--
Price To Sales Ratio2.794.387.05-
Gross Margin69.3373.9972.9050.78
Operating Margin-396.86-3.9336.1946.21
Net Margin-425.29-19.7026.7941.71
Shares Outstanding20.6320.4720.3220.23
Market Capitalization121.72354.24404.47395.80

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY
Cash & Short Term Investments5.819.94
Short Term Receivables0.070.05
Investment Securities0.000.00
Securities In Custody0.000.00
Investments368.15503.72
Investment in Unconsolidated Affiliates0.000.00
Net Property, Plant & Equipment0.000.00
Other Intangible Assets0.500.34
Total Assets374.53514.05
Total Debt60.0070.00
Long Term Debt0.000.00
Provision for Risks Charges0.000.00
Other Liabilities115.8362.48
Total Liabilities175.83132.48
Preferred Stock - Carrying Value0.000.00
Common Equity198.70381.57
Total Shareholders Equity198.70381.57
Accumulated Minority Interest0.000.00
Total Equity198.70381.57
Total Liabilities & Stockholders Equity374.53514.05
Book Value Per Share9.6318.78
Tangible Book Value Per Share9.6318.78
Price to Book Ratio0.601.02
Return on Assets-28.41-
Return on Equity-43.51-
Return on Invested Capital-63.534.61
Quick Ratio0.090.13
Current Ratio0.090.13

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY
Funds from Operations88.0388.0347.90
Extraordinary Item0.000.000.00
Changes in Working Capital-2.61-2.616.36
Cash from Operating Activities85.4285.4254.25
Capital Expenditures0.000.000.00
Net Assets From Acquisitions0.000.000.00
Sale of Fixed Assets and Businesses0.000.000.00
Purchase or Sale of Investments-78.69-78.69-216.43
Purchase of Investments-110.30-110.30-293.55
Sale Or Maturity of Investments31.6131.6177.12
Other Uses0.000.000.00
Other Sources0.000.000.00
Cash from Investing Activities-78.69-78.69-216.43
Cash Dividends Paid-57.83-57.83-39.74
Change in Capital Stock56.9756.97141.86
Repurchase of Common Pref Stock0.000.000.00
Sale of Common Pref Stock56.9756.97141.86
Proceedsfrom Stock Options56.9756.97141.86
Issuance or Reduction of Debt, Net-10.00-10.0070.00
Net Financing Active Other Cash Flow0.000.000.00
Other Financing Activities Uses0.000.000.00
Cash from Financing Activities-10.87-10.87172.12
Net Change in Cash-4.14-4.149.94
Free Cash Flow85.4285.4254.25
Preferred Dividends (Cash Flow)-0.000.00
Price to Free Cash Flow6.696.6927.92

Balance sheet, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S1
Cash & Short Term Investments5.813.719.942.55
Short Term Receivables0.072.050.051.19
Investments368.15535.18503.72444.04
Investment in Unconsolidated Affiliates0.000.000.000.00
Net Property, Plant & Equipment0.000.000.000.00
Other Intangible Assets0.500.350.340.13
Total Assets374.53541.29514.05447.91
Total Debt60.0077.5070.0040.00
Long Term Debt0.000.000.000.00
Other Liabilities115.83117.5762.4811.52
Total Liabilities175.83195.07132.4851.52
Preferred Stock - Carrying Value0.000.000.000.00
Common Equity198.70346.22381.57396.39
Total Shareholders Equity198.70346.22381.57396.39
Accumulated Minority Interest0.000.000.000.00
Total Equity198.70346.22381.57396.39
Total Liabilities & Stockholders Equity374.53541.29514.05447.91
Book Value Per Share9.6316.9118.7819.59
Tangible Book Value Per Share9.6316.9118.7819.59
Price to Book Ratio0.600.921.022,241.50
Return on Assets-28.410.79--
Return on Equity-43.511.05--
Return on Invested Capital-59.72-2.183.001.55
Quick Ratio0.090.070.130.08
Current Ratio0.090.070.130.08

Cash flow, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S1
Funds from Operations52.2335.8061.71-13.81
Extraordinary Item0.000.000.000.00
Changes in Working Capital-1.97-0.64-0.296.65
Cash from Operating Activities50.2635.1761.41-7.16
Capital Expenditures0.000.000.000.00
Net Assets From Acquisitions0.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.00
Purchase or Sale of Investments-1.86-76.83-109.92-106.51
Purchase of Investments-29.24-81.07-173.06-120.49
Sale Or Maturity of Investments27.374.2463.1413.98
Other Uses0.000.000.000.00
Other Sources0.000.000.000.00
Cash from Investing Activities-1.86-76.83-109.92-106.51
Cash Dividends Paid-29.02-28.82-26.35-13.39
Preferred Dividends (Cash Flow)0.000.000.000.00
Change in Capital Stock0.2256.7555.8086.06
Repurchase of Common Pref Stock0.000.000.000.00
Sale of Common Pref Stock0.2256.7555.8086.06
Proceedsfrom Stock Options0.2256.7555.8086.06
Issuance or Reduction of Debt, Net-17.507.5026.4543.55
Net Financing Active Other Cash Flow0.000.000.000.00
Other Financing Activities Uses0.000.000.000.00
Cash from Financing Activities-46.3035.4355.90116.22
Net Change in Cash2.10-6.23--
Free Cash Flow50.2635.1761.41-7.16
Price to Free Cash Flow6.698.5827.92-

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.09%0.0M15.6M32.05K
2026-10-150.14%0.0M15.6M25.99K
2026-09-300.33%0.1M15.5M24.92K
2026-09-150.72%0.1M15.5M24.97K
2026-08-310.56%0.1M15.1M28.92K
2026-08-140.89%0.1M15.1M28.21K
2026-07-310.44%0.1M15.1M26.67K
2026-07-150.44%0.1M15.1M28.87K
2026-06-300.25%0.0M15.1M34.91K
2026-06-150.54%0.1M15.1M36.48K
2026-05-291.30%0.2M15.1M37.32K
2026-05-151.39%0.2M15.1M41.28K
2026-04-301.00%0.2M15.1M43.39K
2026-04-151.49%0.2M15.1M42.32K
2026-03-311.08%0.2M15.1M36.62K
2026-03-130.82%0.1M15.1M36.11K
2026-02-270.12%0.0M15.1M32.99K
2026-02-130.22%0.0M15.1M30.16K
2026-01-300.07%0.0M15.0M24.97K
2026-01-150.06%0.0M15.0M29.99K

Option chain

expiry 2026-11-11
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
No option chain for this symbol.

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-098-KCurrent report2026-10-09SEC
2026-09-088-KCurrent report2026-09-08SEC
2026-08-284Statement of changes in beneficial ownership of securities2026-08-26SEC
2026-08-27NPORT-P2026-06-30SEC
2026-08-12N-PXAnnual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX2026-06-30SEC
2026-08-128-KCurrent report2026-08-03SEC
2026-07-148-KCurrent report2026-07-14SEC
2026-06-09N-CENForm N-CEN will require annual reporting of certain census-type information in a structured XML format. Form N-CEN will replace Form N-SAR. The compliance date for Form N-CEN filers – regardless of asset size – is June 1, 2018.2026-03-31SEC
2026-06-088-KCurrent report2026-06-08SEC
2026-05-28N-CSRCertified annual shareholder report of registered management investment companies filed on Form N-CSR2026-03-31SEC
2026-05-28NPORT-P2026-03-31SEC
2026-05-278-KCurrent report2026-05-27SEC
2026-05-208-KCurrent report2026-05-20SEC
2026-05-118-KCurrent report2026-05-11SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-30SEC
2026-04-098-KCurrent report2026-04-09SEC
2026-03-1840-17GFidelity bond filed pursuant to Rule 17g-1(g)(1) of the Investment Company Act of 1940.SEC
2026-03-13DNotice of sales of securities on Form D (Regulation D)SEC
2026-03-108-KCurrent report2026-03-10SEC
2026-03-02NPORT-P2025-12-31SEC
2026-02-184Statement of changes in beneficial ownership of securities2026-02-13SEC
2026-02-184Statement of changes in beneficial ownership of securities2026-02-13SEC
2026-02-13EFFECTEffectiveness filing by commission orderSEC
2026-02-13424B7SEC
2026-02-118-KCurrent report2026-02-11SEC
2026-02-098-KCurrent report2026-02-09SEC
2026-02-03POS 8CPost-effective amendment filed under the 1933 Act only or under both the 1933 and 1940 Acts pursuant to Section 8(c) of the 1933 Act by closed-end investment companies (this filing cannot be submitted as a 1940 Act only filing)SEC
2026-02-024Statement of changes in beneficial ownership of securities2026-01-29SEC
2026-01-274Statement of changes in beneficial ownership of securities2026-01-23SEC
2026-01-144Statement of changes in beneficial ownership of securities2026-01-12SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-0837.01K222.33K1
2026-070000
2026-060000
2026-050000
2026-046.00M100
2026-030000
2026-0234.40K200
2026-0100154.96K6
2025-12129.10K600
2025-11001.67K1

Institutional holders

Manager% owned
KIM, LLC52.54%
BANK OF AMERICA CORP /DE/2.43%
GOLDMAN SACHS GROUP INC2.31%
Everest Private Wealth0.52%
Allied Private Wealth LLC0.46%
Advisory Solutions Group, LLC0.28%
Virtus Investment Advisers, LLC0.26%
OPPENHEIMER & CO INC0.10%
Cerity Partners LLC0.07%
RAYMOND JAMES FINANCIAL INC0.06%

Funds

Fund% owned
PGIM Floating Rate Income Fund0.47%
Virtus Private Credit Strategy ETF0.26%
PGIM Floating Rate Income ETF0.01%

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