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Sound Point Meridian Capital, Inc.

Sound Point Meridian Capital, Inc.

SPMC · NYSE · Financial Services / Asset Management

5.97USD-0.28 (-4.48%)

Price History

Full chart

Market Stats

Previous Close6.25
Open6.47
Day Range5.86 – 6.47
52-Week Range7.46 – 14.47
Volume46.60K
Market Cap171.63M
P/E (TTM)0.00
Forward P/E6.02
EPS-6.11
Dividend Yield19.00%
Beta1.14
50-Day Avg9.67
200-Day Avg10.86

About

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.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Ujjaval Desai
  • Employees285
  • Headquarters375 Park Avenue, New York, NY, United States, 10152, USA

Leadership

  • Mr. Ujjaval DesaiCEO & Director · b. 1972
  • Mr. Daniel Steven FabianChief Financial Officer · b. 1981
  • Mr. Lucas D. FossChief Compliance Officer · b. 1977
  • Joshua HarrisHead of Public Fund Accounting
  • Ms. Andrea J.S. Sayago J.D.Corporate Secretary · b. 1974

Financials

Income Statement

Currency: USD2023-12-312024-12-312025-12-31
Total Revenue64.51M64.51M-107.97M
Growth (%)-0.00%-267.38%
Cost of Revenue114.81K114.81K13.99M
Gross Profit64.39M64.39M-121.96M
Gross Margin99.82%99.82%112.96%
Operating Expense792.40K792.40K4.27M
Operating Income63.60M63.60M-126.23M
Operating Margin98.59%98.59%116.91%
EBITDA63.60M63.60M-126.23M
EBITDA Margin98.59%98.59%116.91%
Net Income63.60M63.60M-126.23M
Net Income Margin98.59%98.59%116.91%
Interest Expense114.81K114.81K13.99M
Interest Expense % of Total Revenue0.18%0.18%-12.96%

Balance Sheet

Currency: USD2023-12-312024-12-312025-12-31
Total Assets303.21K303.21M374.53M
Total Liabilities9.05K9.05M175.83M
Total Equity294.17K294.17M198.70M
Cash4.99K4.99M5.81M
Total Debt-70.00M60.00M
Net Debt-4.99K-4.99M54.19M

Cash Flow

Currency: USD2023-12-312024-12-312025-12-31
Operating Cash Flow-106.38M-106.38M6.73M
Investing Cash Flow--216.43M-
Financing Cash Flow85.46M85.46M-10.87M
Capital Expenditure030
Free Cash Flow-106.38M-106.38M6.73M
Dividends Paid42.0439.74M57.83M
FCF to OCF100.00%100.00%100.00%
Dividend Paid to FCF-0.00%-37.36%859.37%

Earnings

Report DateAug 15, 2024Nov 13, 2024Feb 12, 2025May 29, 2025Aug 12, 2025Nov 13, 2025Feb 11, 2026May 27, 2026Aug 12, 2026Nov 12, 2026
EPS Estimate0.000.570.550.600.570.570.530.590.300.29
EPS Actual0.080.860.620.660.530.540.440.330.24-
Surprise-50.88%12.73%10.00%-7.02%-5.26%-16.98%-44.07%-20.00%-
Timing-Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap171.63M
Enterprise Value214.48M
Trailing P/E0.00
Forward P/E6.02
Price / Sales2.60
Price / Book0.87
EPS-6.11
Book Value9.88
Revenue (TTM)65.73M
Gross Profit (TTM)65.73M
Profit Margin-180.17%
Operating Margin68.52%
Return on Equity-43.51%
Return on Assets7.40%
Shares Outstanding20.63M
Shares Float0
Beta1.14
Dividend Yield19.00%
Dividend Rate1.59
Payout Ratio47.10%

Analyst Ratings

Strong Buy
Based on 3 analystsTarget 10.50
  • Strong Buy
    3

Dividends

202612×
0.13Dec 15, 20260.13Nov 13, 20260.13Oct 15, 20260.20Sep 15, 20260.20Aug 14, 20260.20Jul 15, 20260.20Jun 15, 20260.20May 15, 20260.20Apr 15, 20260.25Mar 16, 20260.25Feb 13, 20260.25Jan 15, 2026
202512×
0.25Dec 15, 20250.25Nov 14, 20250.25Oct 15, 20250.25Sep 15, 20250.25Aug 15, 20250.25Jul 15, 20250.25Jun 13, 20250.25May 15, 20250.25Apr 15, 20250.24Mar 14, 20250.24Feb 14, 20250.24Jan 15, 2025