Sound Point Meridian Capital, Inc. (SPME)Financial Services | Asset Management | New York, United States | NYSE
24.90 USD
+0.03
(0.141%)
⇧
(Aug. 28, 2026, 12:40 p.m.
EDT)
After hours: 24.90 |
Hot Take ↕ | Aug. 22, 2026, 5:54 a.m. EDT
The immediate outlook is severely clouded by deteriorating fundamentals and a precarious balance sheet. Despite a high headline yield, the company is generating negative profit margins (-1.8%) while carrying significant debt relative to equity, resulting in a current ratio of just 0.12, which indicates severe liquidity stress. The recent quarterly results showed revenues lagging estimates, and the broader news sentiment highlights concerns over inadequate compensation for embedded credit risk in their preferred shares. While the price has been relatively flat recently, the underlying business quality is eroding, making any short-term bounce a potential trap rather than a genuine opportunity. The high yield appears to be a distress signal rather than a sustainable income stream, as the company struggles to cover its obligations with its current cash position. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.004173 |
| AutoETS | 0.004429 |
| MSTL | 0.004564 |
| AutoTheta | 0.004602 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 75% |
| H-stat | 5.16 |
| Ljung-Box p | 0.024 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 3.50 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-09-14 |
| Last Dividend Date | 2026-08-13 |
| Debt to Equity Ratio | 28.828 |
| Revenue per Share | 3.121 |
| Beta | 1.15 |
| Profit Margins | -180.17% |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.66% | 7.85% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-14 | 0.164 | 0.655843 |
| 2026-07-15 | 0.164 | 0.654429 |
| 2026-06-15 | 0.164 | 0.653386 |
| 2026-05-15 | 0.164 | 0.651052 |
| 2026-04-15 | 0.164 | 0.656788 |
| 2026-03-16 | 0.164 | 0.647070 |
| 2026-02-13 | 0.164 | 0.650794 |
| 2026-01-15 | 0.164 | 0.651569 |
| 2025-12-15 | 0.164 | 0.654429 |
| 2025-11-14 | 0.164 | 0.657842 |
| 2025-10-15 | 0.164 | 0.657578 |
| 2025-09-15 | 0.164 | 0.654952 |
| 2025-08-15 | 0.164 | 0.654952 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.010727048 |
| Address1 | 375 Park Avenue |
| Address2 | 34TH Floor |
| All Time High | 26.0 |
| All Time Low | 24.37 |
| Ask | 24.91 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 6,260 |
| Average Daily Volume3 Month | 2,187 |
| Average Volume | 2,187 |
| Average Volume10Days | 6,260 |
| Beta | 1.153 |
| Bid | 24.87 |
| Bid Size | 100 |
| Book Value | 9.883 |
| City | New York |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 24.9 |
| Current Ratio | 0.119 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 24.92 |
| Day Low | 24.87 |
| Debt To Equity | 28.828 |
| Display Name | Sound Point Meridian Capital |
| Dividend Date | 1,798,675,200 |
| Dividend Rate | 1.97 |
| Dividend Yield | 7.91 |
| Earnings Growth | 0.758 |
| Earnings Quarterly Growth | 0.805 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 8.581 |
| Enterprise Value | 564,088,640 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,789,430,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 917 591 5903 |
| Fifty Day Average | 25.13492 |
| Fifty Day Average Change | -0.2349205 |
| Fifty Day Average Change Percent | -0.00934638 |
| Fifty Two Week Change Percent | -1.0727048 |
| Fifty Two Week High | 26.0 |
| Fifty Two Week High Change | -1.1000004 |
| Fifty Two Week High Change Percent | -0.04230771 |
| Fifty Two Week Low | 24.37 |
| Fifty Two Week Low Change | 0.5299988 |
| Fifty Two Week Low Change Percent | 0.021748 |
| Fifty Two Week Range | 24.37 - 26.0 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,752,586,200,000 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.0349998 |
| Fullday Change Percent | 0.140759 |
| Fullday Price | 24.9 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 65,733,228 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 0.0 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Language | en-US |
| Last Dividend Date | 1,786,665,600 |
| Last Dividend Value | 0.164 |
| Last Fiscal Year End | 1,774,915,200 |
| Long Business Summary | Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York. |
| Long Name | Sound Point Meridian Capital, Inc. |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1842241577 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -118,433,680 |
| Next Fiscal Year End | 1,806,451,200 |
| Open | 24.87 |
| Operating Margins | 0.68516 |
| Phone | 212 895 2280 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 24.9 |
| Post Market Time | 1,787,959,949 |
| Previous Close | 24.865 |
| Price Hint | 2 |
| Price To Book | 2.5194778 |
| Profit Margins | -1.80173 |
| Quick Ratio | 0.119 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0349998 |
| Regular Market Change Percent | 0.140759 |
| Regular Market Day High | 24.92 |
| Regular Market Day Low | 24.87 |
| Regular Market Day Range | 24.87 - 24.92 |
| Regular Market Open | 24.87 |
| Regular Market Previous Close | 24.865 |
| Regular Market Price | 24.9 |
| Regular Market Time | 1,787,935,222 |
| Regular Market Volume | 2,679 |
| Revenue Growth | -0.353 |
| Revenue Per Share | 3.121 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Short | 1,752 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 2,591 |
| Short Name | Sound Point Meridian Capital, I |
| Short Ratio | 1.3 |
| Source Interval | 15 |
| State | NY |
| Symbol | SPME |
| Total Cash | 20,961,330 |
| Total Cash Per Share | 0.994 |
| Total Debt | 60,000,000 |
| Total Revenue | 65,733,228 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.85 |
| Trailing Annual Dividend Yield | 0.11461894 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 25.09656 |
| Two Hundred Day Average Change | -0.1965599 |
| Two Hundred Day Average Change Percent | -0.007832145 |
| Type Disp | Equity |
| Volume | 2,679 |
| Zip | 10,152 |