Sound Point Meridian Capital, Inc. (NYSE:SPMC) Stock Short Interest Declines 56.9%

Posted by Stanley Muller on Oct 30th, 2026

Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 21,886 shares, a drop of 56.9% from the September 30th total of 50,773 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 31,396 shares, the short-interest ratio is presently 0.7 days.

Sound Point Meridian Capital Price Performance

Shares of SPMC stock traded down $0.15 during trading hours on Friday, reaching $5.75. The stock had a trading volume of 34,955 shares, compared to its average volume of 32,817. Sound Point Meridian Capital has a twelve month low of $5.49 and a twelve month high of $16.75. The firm has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $10.07. The firm has a market capitalization of $117.88 million, a PE ratio of -0.99 and a beta of 1.20.

Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.06). The business had revenue of $12.42 million for the quarter, compared to analysts’ expectations of $14.18 million. On average, equities analysts anticipate that Sound Point Meridian Capital will post 1.11 earnings per share for the current year.

Sound Point Meridian Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.56 annualized dividend and a dividend yield of 27.1%. Sound Point Meridian Capital’s dividend payout ratio is presently -26.99%.

Institutional Investors Weigh In On Sound Point Meridian Capital

An institutional investor recently bought a new position in Sound Point Meridian Capital stock. Advisory Solutions Group LLC purchased a new stake in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,935 shares of the company’s stock, valued at approximately $316,000. Advisory Solutions Group LLC owned 0.16% of Sound Point Meridian Capital as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPMC shares. B. Riley Financial dropped their price target on Sound Point Meridian Capital from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Zacks Research raised shares of Sound Point Meridian Capital from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sound Point Meridian Capital presently has an average rating of “Moderate Buy” and a consensus target price of $15.12.

Read Our Latest Analysis on SPMC

Sound Point Meridian Capital Company Profile

(Get Free Report)

Sound Point Meridian Capital, Inc (NYSE: SPMC) is a closed-end investment company focused on investing in collateralized loan obligations (CLOs). The company primarily seeks exposure to CLO equity and junior debt tranches, which are backed by pools of senior secured loans made to corporate borrowers.

Sound Point Meridian Capital is externally managed by an affiliate of Sound Point Capital Management, an alternative investment manager. Its investment strategy is designed to provide shareholders with income and potential capital appreciation through a diversified portfolio of CLO investments rather than through the direct operation of businesses or the sale of consumer products and services.

The company invests in U.S.