New insider activity at Sound Point Meridian Capital, Inc. ( (SPMC) ) has taken place on October 28, 2025.
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Significant shareholder Assured Guaranty Ltd has recently sold 2,738 shares of Sound Point Meridian Capital, Inc., amounting to a transaction worth $45,609.
Recent Updates on SPMC stock
Sound Point Meridian Capital, Inc. has recently announced an equity distribution agreement to issue and sell up to $100 million in shares, aimed at enhancing its investment capabilities, distributing to stockholders, and potentially repaying debt, which could improve its financial flexibility. The company’s unaudited net asset value per share is estimated between $16.86 and $16.96, reflecting stable financial performance despite tight loan spreads impacting collateralized loan obligation equity yields and valuations. Analysts maintain a Buy rating with a $20 price target, citing Sound Point’s institutional backing and strategic refinancing activities as strengths that could benefit from a potential market rebalancing in 2026.
More about Sound Point Meridian Capital, Inc.
YTD Price Performance: -9.26%
Average Trading Volume: 24,919
Technical Sentiment Signal: Strong Sell