Sound Point Meridian Capital, Inc.

Equities

SPMC

US83617A1088

Closed End Funds

Market Closed - Nyse 16:00:09 2024-07-15 EDT 5-day change 1st Jan Change
19.74 USD +0.36% Intraday chart for Sound Point Meridian Capital, Inc. -1.50% 0.00%
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Sound Point Meridian Capital, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate high current income, with a secondary objective to generate capital appreciation. It seeks to achieve its investment objectives by investing primarily in third-party collateralized loan obligations (CLO) equity and mezzanine tranches of predominately United States dollar denominated CLOs backed by corporate leveraged loans issued primarily to United States obligors. It may also invest in other securities and instruments including, among other investments, junior debt tranches of CLOs and loan accumulation facilities. Sound Point Capital Management, LP is the investment manager of the Company.
More about the company
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
19.74 USD
Average target price
21 USD
Spread / Average Target
+6.38%
Consensus
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  5. Oppenheimer Initiates Sound Point Meridian Capital at Outperform, $21 Price Target