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Sound Point Meridian Capital, Inc. ( (SPMC) ) just unveiled an update.
On May 29, 2025, Sound Point Meridian Capital, Inc. announced the declaration of common and preferred stock distributions for the second fiscal quarter of 2026, covering the months of July, August, and September 2025. The company also reported financial results for the fourth fiscal quarter ending March 31, 2025, which included a net asset value per share of $18.78 and a GAAP net loss of $20.7 million. Despite the losses, the company maintained a weighted average effective yield of 14.0% on its CLO equity portfolio. The announcement reflects the company’s ongoing strategy to provide consistent returns to shareholders through regular distributions, while navigating the challenges of investment losses.
The most recent analyst rating on (SPMC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Sound Point Meridian Capital, Inc. stock, see the SPMC Stock Forecast page.
More about Sound Point Meridian Capital, Inc.
Sound Point Meridian Capital, Inc. is an externally managed, non-diversified closed-end management investment company. Its primary investment focus is on generating high current income and capital appreciation by investing in third-party collateralized loan obligation (CLO) equity and mezzanine tranches, predominantly U.S. dollar-denominated CLOs backed by corporate leveraged loans issued mainly to U.S. obligors.
Average Trading Volume: 30,564
Technical Sentiment Signal: Strong Sell
For an in-depth examination of SPMC stock, go to TipRanks’ Stock Analysis page.