Sound Point Meridian Capital (SPMC)
Provides listed exposure to CLO equity and mezzanine investments.
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Offers public-market exposure to CLO equity and mezzanine tranches backed mainly by U.S. senior secured loans. It is externally managed, with investment results tied to underlying CLO and leveraged-loan cash flows and valuations.
Designed as a publicly traded vehicle for CLO exposure, the company seeks high current income and, secondarily, capital appreciation through equity and mezzanine tranches of CLOs.
This portfolio is concentrated in third-party CLO equity and mezzanine positions backed primarily by U.S. senior secured loans issued to U.S. obligors. The company may use loan-accumulation facilities to purchase loans before a CLO is issued.
An external adviser manages investments while the board oversees the business and Sound Point Administration LLC provides administration. Cash flows and valuations depend on the underlying CLO and leveraged-loan exposures.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 27, 2026 | Industrial Alliance Securities | Target | Target: $11 | Target: $11.50 |
| Apr 10, 2026 | Industrial Alliance Securities | Target | Target: $13 | Target: $11 |
| Feb 11, 2026 | Industrial Alliance Securities | Target | Target: $18.50 | Target: $13 |
| Feb 11, 2026 | Compass Point | Target | Target: $20 | Target: $12 |
| Dec 1, 2025 | Oppenheimer | Target | Target: $21 | Target: $20 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $5.8M · Total debt $60.0M · Total assets $374.5M · Shareholders' equity $198.7M
- Revenue
- $27.9M
- Operating income
- −$110.7M
- Net income
- −$118.7M
HistoryDividendAnnual yieldUpcoming
| Institutions | 59.03% | 12.12M shares | |
|---|---|---|---|
| 15 holders · as of Jun 30, 2026 | |||
| Insiders | 1.16% | 238.3K shares | |
| 5 holders · as of Aug 28, 2026 | |||
| Strategic holders | 25.66% | 5.27M shares | |
| 1 holder · as of Feb 2, 2026 | |||
| Other | 14.15% | 2.91M shares | |
| remainder | |||
20.54M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kim, LLCInstitution | 52.54% | 10.79M | as of Jun 30, 2026 |
Assured Guaranty LtdStrategic10 percent owner | 25.66% | 5.27M | filed Feb 2, 2026 |
Bank of America Corp /DE/Institution | 2.43% | 500,000 | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 2.31% | 474,329 | as of Jun 30, 2026 |
Stephen KetchumInsiderdirector, officer: Chairman | 0.70% | 143,091 | filed Feb 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Matthew E. Forstenhausler | director | +2,400 | $9.29 |
| Aug 26, 2026 | Matthew E. Forstenhausler | director | +1,600 | $9.21 |
| Aug 26, 2026 | Matthew E. Forstenhausler | director | −2,427 | $9.20 |
| Feb 13, 2026 | Stephen Ketchum | director, officer: Chairman | +1,000 | $11.40 |
| Feb 13, 2026 | Matthew E. Forstenhausler | director | +2,000 | $11.50 |
- Eagle Point Credit Company
CLO equity and junior-debt closed-end fund on the NYSE
- OFS Credit Company
Nasdaq closed-end fund centered on CLO equity and debt
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sound Point Meridian Capital | $8.61 | −1.71% | $179.9M | — | — | 1.7 | −37.0% |
| Eagle Point Credit Company | $3.60 | −0.42% | $477.3M | — | 5.1 | 59.9 | −21.7% |
| OFS Credit Company | $2.35 | −0.95% | $69.6M | — | 2.9 | 2.4 | −47.2% |
| Median | — | 4.0 | 31.1 | −34.5% |