Sound Point Meridian Capital (SPME) Stock Price

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Last Price	$ 24.58
Open	$ 24.65
Previous Close	$ 24.67
Volume	$ 80,180
ATH	$ 26.00 (-5.46%)
Exchange	NYSE
P/E Ratio (TTM)	-
EPS (TTM)	$ 0.00
Annual Dividend (Yield)	$ 1.97 (8.01%)
Market Cap	$ 517.63M

Sound Point Meridian Capital Performance

Prev. Close	7 Days	1 Month	3 Months	6 Months	1 Year	YTD	5 Year	Max
-0.36%	-0.04%	-0.77%	-1.76%	-1.60%	-1.64%	-2.58%	-1.48%	-1.48%

About Sound Point Meridian Capital

Statistics

The Sound Point Meridian Capital stock price is currently $ 24.58 with a total market cap valuation of $ 517.63M (21.06M shares outstanding). The Sound Point Meridian Capital is trading on NYSE under the ticker sign SPME. Sound Point Meridian Capital price is up -0.36% in the past 24 hours. The Sound Point Meridian Capital stock price prediction is currently bullish. The Sound Point Meridian Capital trailing twelve month dividend rate is $ 1.97 per share with dividend yield of 8.01%.

Description

Sound Point Meridian Capital, LLC, founded in 2022, functions as a closed-end investment management company based in the United States. Its primary investment strategy involves allocating capital to the equity and mezzanine tranches of collateralized loan obligations (CLOs). These CLOs, in turn, are backed by portfolios predominantly consisting of speculative-grade U.S. senior secured loans. The firm's headquarters are located in New York, New York.