Sound Point Meridian Capital Inc (SPMC)
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- symbol SPMC
- Rev/Share 0.0
- Book/Share 0.0
- PB 0
- Debt/Equity 0.0
- CurrentRatio 0.0
- ROIC 0.0
- MktCap 369939144.0
- FreeCF/Share 0.0
- PFCF 0
- PE 0
- Debt/Assets 0.0
- DivYield 0.1523
- ROE 0.0
- Rating C+
- Score 2
- Recommendation Sell
- P/E Score 1
- DCF Score 1
- P/B Score 3
- D/E Score 3
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Initiation | SPMC | Alliance Global Partners | -- | Buy | -- | $20 | July 18, 2025 |
| Initiation | SPMC | B. Riley Securities | -- | Buy | -- | $22.5 | Oct. 9, 2024 |
News
Preferreds Weekly Review: Bonds Vs. Preferreds
Published: July 20, 2025 by: Seeking Alpha
Sentiment: Neutral
We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. Preferreds outperformed broader markets last week; sector credit spreads have tightened, making valuations expensive and yields less attractive. Bonds offer more protection than preferreds, but preferreds provide higher yields; choice depends on issuer quality, tax treatment, and investor objectives.
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SPME: An 7.875% Term Preferred IPO From Sound Point Meridian Capital
Published: July 19, 2025 by: Seeking Alpha
Sentiment: Positive
SPME offers a 7.875% nominal yield, is well-covered by assets, and is priced near par, making it attractive for income-focused portfolios. Sound Point Meridian Capital's asset coverage ratio is 380%, nearly double the legal requirement, providing strong safety for preferred shareholders. SPME's risk premium and credit quality are in line with sector peers, with no deterioration since the company's last issue, and the company outperforms in total return its direct peers.
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Sound Point Meridian Capital Inc (SPMC) Q4 2025 Earnings Call Transcript
Published: May 29, 2025 by: Seeking Alpha
Sentiment: Neutral
Sound Point Meridian Capital Inc (NYSE:SPMC ) Q4 2025 Earnings Conference Call May 29, 2025 11:00 AM ET Company Participants Julie Smith - IR Ujjaval Desai - CEO Kevin Gerlitz - CFO Conference Call Participants Erik Zwick - Lucid Capital Markets Tim D'Agostino - B. Riley Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital Inc Fourth Fiscal Quarter Ended March 31, 2025 Earnings Conference Call.
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Will Sound Point Meridian Capital, Inc. (SPMC) Beat Estimates Again in Its Next Earnings Report?
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Positive
Sound Point Meridian Capital, Inc. (SPMC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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It's Raining CLO Equity CEFs And Why We Got Longer
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Positive
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility.
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2 High-Yield Picks From ECC And SPMC - Yields Up To 9%
Published: May 06, 2025 by: Seeking Alpha
Sentiment: Positive
CLO equity is popular but often overvalued; fixed income instruments from ECC and SPMC offer more attractive risk-adjusted returns. ECCW Baby Bond offers a 6.75% annual dividend, trading at $23 with an 8.92% yield to maturity, poised to outperform the common stock. SPMA preferred stock provides an 8% annual dividend, trading at $24.49 with an 8.9% yield to maturity, and is relatively safe due to the low leverage of the company.
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Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)
Published: April 23, 2025 by: Seeking Alpha
Sentiment: Positive
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.
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Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
Published: March 27, 2025 by: Seeking Alpha
Sentiment: Negative
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions.
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Sound Point Meridian Capital Inc (SPMC) Q3 2025 Earnings Call Transcript
Published: February 12, 2025 by: Seeking Alpha
Sentiment: Neutral
Sound Point Meridian Capital Inc (NYSE:SPMC ) Q3 2025 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Peter Sceusa - Investor Relations Ujjaval Desai - Chief Executive Officer Kevin Gerlitz - Chief Financial Officer Conference Call Participants Randy Binner - B. Riley Erik Zwick - Lucid Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital, Inc. Third Fiscal Quarter Ended December 31, 2024 Earnings Conference Call.
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About Sound Point Meridian Capital Inc (SPMC)
- IPO Date 2024-06-14
- Website None
- Industry Asset Management
- CEO Ujjaval Desai
- Employees None