Sound Point Meridian Capital, Inc. (NYSE:SPMC) Short Interest Down 54.1% in June

Posted by George Bondi on Jul 16th, 2026

Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 37,664 shares, a drop of 54.1% from the June 15th total of 82,045 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,054 shares, the short-interest ratio is currently 1.8 days.

Insider Activity

In other news, major shareholder Guaranty Ltd Assured bought 242,718 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $24.72 per share, for a total transaction of $5,999,988.96. Following the completion of the purchase, the insider owned 1,002,718 shares of the company’s stock, valued at approximately $24,787,188.96. The trade was a 31.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Sound Point Meridian Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPMC. Thomas J. Herzfeld Advisors Inc. acquired a new position in Sound Point Meridian Capital in the fourth quarter valued at about $189,000. Citadel Advisors LLC acquired a new stake in shares of Sound Point Meridian Capital in the 3rd quarter valued at approximately $267,000. Virtus Investment Advisers LLC raised its position in shares of Sound Point Meridian Capital by 7.5% in the 4th quarter. Virtus Investment Advisers LLC now owns 29,620 shares of the company’s stock valued at $407,000 after acquiring an additional 2,061 shares during the period. Allied Private Wealth LLC bought a new position in Sound Point Meridian Capital during the 2nd quarter worth approximately $984,000. Finally, Everest Management Corp. boosted its stake in Sound Point Meridian Capital by 5.6% during the 4th quarter. Everest Management Corp. now owns 79,798 shares of the company’s stock worth $1,097,000 after acquiring an additional 4,243 shares during the last quarter.

Sound Point Meridian Capital Trading Down 2.3%

Shares of SPMC traded down $0.24 on Thursday, reaching $10.10. 34,016 shares of the company’s stock were exchanged, compared to its average volume of 34,867. The business has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $11.11. Sound Point Meridian Capital has a 12 month low of $8.36 and a 12 month high of $18.60. The stock has a market capitalization of $207.02 million, a P/E ratio of -1.64 and a beta of 1.20.

Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The business had revenue of $12.57 million for the quarter, compared to analysts’ expectations of $17.20 million. Equities research analysts predict that Sound Point Meridian Capital will post 1.22 EPS for the current year.

Sound Point Meridian Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 23.8%. The ex-dividend date is Tuesday, September 15th. Sound Point Meridian Capital’s dividend payout ratio (DPR) is currently -39.09%.

Analyst Upgrades and Downgrades

SPMC has been the subject of several research reports. Zacks Research cut shares of Sound Point Meridian Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Alliance Global Partners reiterated a “buy” rating on shares of Sound Point Meridian Capital in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sound Point Meridian Capital presently has a consensus rating of “Hold” and a consensus price target of $16.10.

View Our Latest Report on SPMC

About Sound Point Meridian Capital

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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. Sound Point Meridian Capital Inc is based in NEW YORK.