SPMC Overview

Analyst Recommendation: Clear Street has maintained a Buy recommendation for Sound Point Meridian Capital (NYSE:SPMC) as of November 28, 2025, with an average one-year price target of $20.30/share, indicating a potential upside of 33.72% from its current price of $15.18/share.

Fund Sentiment: There are 14 funds reporting positions in SPMC, with an average portfolio weight of 1.25%, which has increased significantly by 924.45%. However, total shares owned by institutions have decreased by 1.14% over the last three months.

Shareholder Activity: Key shareholders include Kim with 10,784K shares, Bank of America with 500K shares, and Goldman Sachs Group with 474K shares, the latter having decreased its portfolio allocation by 79.51% over the last quarter.

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Earnings Performance: Sound Point Meridian Capital, Inc. (SPMC) reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56, and showing a decline from $0.86 per share a year ago. The company has surpassed consensus EPS estimates twice in the last four quarters.

Revenue Results: The company posted revenues of $20.23 million for the quarter, also missing the Zacks Consensus Estimate, and down from $25.12 million year-over-year. It has topped revenue estimates twice in the past four quarters.

Stock Outlook: SPMC shares have decreased by about 20.2% since the start of the year, contrasting with the S&P 500's gain of 16.5%. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.

Industry Context: The Financial - Investment Management industry, to which SPMC belongs, ranks in the top 21% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries. Investors are advised to monitor earnings estimate revisions for future stock performance.

Second Fiscal Quarter Results: For the second fiscal quarter ending September 30, 2025, Sound Point Meridian Capital reported a net asset value per share of $16.91, with net investment income of $11.0 million and a GAAP net loss of $17.2 million.

Portfolio Activity: The company received $24.8 million in cash distributions from its investment portfolio and declared monthly distributions for its common and preferred stock to be paid in early 2026.

CLO Investments: As of September 30, 2025, the company had indirect exposure to approximately 1,627 unique underlying loans through its CLO investments, with a weighted average effective yield of 12.0%.

Conference Call Announcement: A conference call is scheduled for November 13, 2025, at 11:00 a.m. ET to discuss the quarterly results, with details available on the company's website.