1 week Ago By Defense World Staff
Envestnet Asset Management Inc. cut its holdings in Sound Point Meridian Capital, Inc. ( NYSE:SPMC – Free Report ) by 13.
1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,249 shares of the company’s stock after selling 20,161 shares during the period. Envestnet Asset Management Inc.
owned 0.66% of Sound Point Meridian Capital worth $2,806,000 as of its most recent SEC filing. Separately, Oppenheimer & Co.
Inc. lifted its position in shares of Sound Point Meridian Capital by 15.6% in the fourth quarter.
Oppenheimer & Co. Inc. now owns 15,920 shares of the company’s stock valued at $333,000 after acquiring an additional 2,145 shares in the last quarter.
Analyst Upgrades and Downgrades Separately, B. Riley upgraded Sound Point Meridian Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Sound Point Meridian Capital Stock Down 2.
3 % Shares of SPMC stock opened at $18.70 on Friday. Sound Point Meridian Capital, Inc.
has a 12-month low of $16.26 and a 12-month high of $22.30.
The stock’s 50-day moving average price is $19.89 and its 200-day moving average price is $20.17.
Sound Point Meridian Capital ( NYSE:SPMC – Get Free Report ) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.
51 by $0.11. Sound Point Meridian Capital Dividend Announcement The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Tuesday, April 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.
This represents a $3.00 dividend on an annualized basis and a yield of 16.04%.
About Sound Point Meridian Capital ( Free Report ) Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches. Featured Articles Five stocks we like better than Sound Point Meridian Capital ESG Stocks, What Investors Should Know Short Sellers Gave Up on These 3 Names Recently Do Real Estate Investment Trusts Deserve a Place in Your Portfolio? 3 Boring Stocks Outperforming the Market This Year How to Evaluate a Stock Before Buying If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Sound Point Meridian Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sound Point Meridian Capital and related companies with MarketBeat.
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