B. Riley Securities Maintains Neutral on Sound Point Meridian, Lowers Price Target to $6.5
B. Riley Securities analyst Timothy D'Agostino maintains Sound Point Meridian (NYSE:SPMC) with a Neutral and lowers the price target from $10 to $6.5.
Last updated: 2026-11-14 16:19:00. Prices reflect the latest closing data and will resume updating on the next trading day. Stock price data is sourced from Massive.
Sound Point Meridian Capital, Inc. (SPMC) operates in the -- sector and is listed on NYSE. The stock is currently priced at $6.03, with a market capitalization of $128.93M and a P/E ratio of --. Over the past 52 weeks, its price has ranged from $5.43 to $16.64. This page covers its latest market performance, valuation, price trends and company information.
$128.93M | |
$6.47 | |
$6.47 | |
$5.91 | |
$6.25 | |
44.11K | |
30.90K | |
-- | |
$16.64 | |
$5.43 | |
-- | |
-- |
Sound Point Meridian Capital, Inc. (SPMC) last closed at $6.03 as of 2026-11-14 00:31:00, down 4.48% ($0.28) from the previous close of $6.25.
During the latest regular trading session, SPMC traded between $5.91 and $6.47, with a volume of 44.11K shares. The closing price was near the lower end and near the lower end of its 52-week range.
Over the past seven days, Sound Point Meridian Capital, Inc. (SPMC) moved from $5.50 to $6.03, representing a gain of 9.71% ($0.53).
The stock traded between $5.43 and $6.68 during the period. The latest price is near the middle of the 7-day range, indicating strong upward.
The average daily volume was 36.67 thousand shares, up versus the previous seven-day period, indicating higher trading activity.
Position in Range: 5.4%
SPMC is currently trading at $6.03, placing it 5.4% of the way from its 52-week low of $5.43 to its 52-week high of $16.64. This percentage reflects the stock's relative position within its 52-week trading range, not its valuation or future performance.
Sound Point Meridian Capital Inc is a closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
| Exchange | NYSE |
| Company Website |
View the latest dividend and stock split events for Sound Point Meridian Capital, Inc.
Dividend | |
|---|---|
| Ex-Dividend Date | Mar 15, 2027 |
| Payment Date | Mar 31, 2027 |
| Dividend Per Share | $0.13 |
Latest news related to Sound Point Meridian Capital, Inc. and SPMC stock.
B. Riley Securities analyst Timothy D'Agostino maintains Sound Point Meridian (NYSE:SPMC) with a Neutral and lowers the price target from $10 to $6.5.
Sound Point Meridian Capital, Inc. Common Stock (NYSE:SPMC) reported second-quarter financial results on Thursday. The transcript from the company’s second-quarter earnings call has been provided below.This transcript
Sound Point Meridian Capital (SPMC) missed Q2 2026 earnings expectations with $0.28 EPS versus consensus of $0.29, and revenues of $12.84 million versus estimates of $13.04 million. The company has failed to beat consensus estimates for four consecutive quarters. SPMC shares have declined 57.1% year-to-date compared to the S&P 500's 11.3% gain. Despite the miss, the stock maintains a Zacks Rank #2 (Buy) rating based on favorable estimate revision trends ahead of the earnings release.
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Estimate the value between SPMC shares and USD.
SPMC Shares to USD
1.00 SPMC shares = 6.034 USD
Calculations are estimates based on the latest available price and are for reference only.