New insider activity at Sound Point Meridian Capital, Inc. ( (SPMC) ) has taken place on October 17, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Significant shareholder Assured Guaranty Ltd has recently sold 6,258 shares of Sound Point Meridian Capital, Inc. stock, amounting to a total transaction value of $105,760.
Recent Updates on SPMC stock
Sound Point Meridian Capital, Inc. (SPMC) recently announced an equity distribution agreement to issue and sell up to $100 million in shares, aiming to use the proceeds for investments, stockholder distributions, and general corporate purposes, including potential debt repayment. This move is expected to enhance the company’s financial flexibility and market positioning. Additionally, the company reported a stable financial performance with an estimated net asset value per share between $16.86 and $16.96 as of September 30, 2025. Despite facing near-term challenges due to tight loan spreads affecting collateralized loan obligation equity yields, analysts maintain a positive outlook on SPMC, citing its institutional backing, proactive portfolio management, and strategic refinancing activities as key strengths that could benefit from a potential loan market rebalancing in 2026.
More about Sound Point Meridian Capital, Inc.
YTD Price Performance: -11.04%
Average Trading Volume: 21,183
Technical Sentiment Signal: Sell