Q3 Earnings Forecast for SPMC Issued By B. Riley

Sound Point Meridian Capital, Inc. (NYSE:SPMC) – Investment analysts at B. Riley issued their Q3 2026 earnings estimates for Sound Point Meridian Capital in a research note issued on Thursday, November 20th. B. Riley analyst T. D’agostino anticipates that the company will post earnings of $0.56 per share for the quarter. B. Riley has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Sound Point Meridian Capital’s Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.20 EPS, Q1 2027 earnings at $0.57 EPS, Q2 2027 earnings at $0.57 EPS, Q3 2027 earnings at $0.58 EPS and FY2027 earnings at $2.30 EPS.

Sound Point Meridian Capital (NYSE:SPMC) last posted its earnings results on Thursday, November 13th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $20.23 million for the quarter, compared to analyst estimates of $20.45 million.

SPMC has been the topic of a number of other reports. Industrial Alliance Securities set a $18.50 target price on Sound Point Meridian Capital in a research note on Thursday, November 13th. Zacks Research raised Sound Point Meridian Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Compass Point set a $20.00 price objective on shares of Sound Point Meridian Capital in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.63.

Sound Point Meridian Capital Stock Performance

Shares of SPMC stock opened at $14.33 on Monday. Sound Point Meridian Capital has a 52-week low of $14.12 and a 52-week high of $22.30. The company has a market capitalization of $293.31 million, a PE ratio of 71.63 and a beta of 0.20. The business’s fifty day moving average is $16.71 and its 200 day moving average is $17.57.

Institutional Investors Weigh In On Sound Point Meridian Capital

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in shares of Sound Point Meridian Capital during the 3rd quarter valued at $267,000. Everest Management Corp. purchased a new stake in Sound Point Meridian Capital during the second quarter valued at about $1,303,000. Marshall Wace LLP grew its stake in shares of Sound Point Meridian Capital by 35.4% during the second quarter. Marshall Wace LLP now owns 77,152 shares of the company’s stock valued at $1,379,000 after buying an additional 20,163 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Sound Point Meridian Capital by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 145,851 shares of the company’s stock valued at $2,908,000 after buying an additional 11,602 shares during the last quarter. Finally, Kim LLC purchased a new position in shares of Sound Point Meridian Capital in the second quarter worth about $192,821,000.

Insider Activity

In other news, Chairman Stephen Ketchum bought 5,000 shares of the business’s stock in a transaction on Monday, October 20th. The stock was acquired at an average price of $15.61 per share, with a total value of $78,050.00. Following the completion of the purchase, the chairman directly owned 92,090 shares in the company, valued at $1,437,524.90. This represents a 5.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Guaranty Ltd Assured sold 6,258 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $16.90, for a total transaction of $105,760.20. Following the transaction, the insider owned 5,282,994 shares in the company, valued at $89,282,598.60. The trade was a 0.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 28,000 shares of company stock worth $434,270 and have sold 16,929 shares worth $290,924.

Sound Point Meridian Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 20.9%. The ex-dividend date is Monday, March 16th. Sound Point Meridian Capital’s dividend payout ratio is presently 1,500.00%.

Sound Point Meridian Capital Company Profile

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches.