Ujjaval Desai Acquires 1,000 Shares of Sound Point Meridian Capital (NYSE:SPMC) Stock

December 17, 2025 by InsiderTrades.com

Key Points

CEO Ujjaval Desai bought 1,000 shares on Dec. 15 at $13.60, bringing his direct ownership to 80,741 shares (a 1.25% increase) after additional insider purchases in Oct. and Dec.
The company declared a monthly dividend of $0.25 per share (ex-dividend Mar. 16), implying a 22.2% yield and an unusually high payout ratio of 1,500%.
SPMC has a market cap of $277.3M, a 12‑month range of $13.06–$22.30, recently missed quarterly EPS estimates ($0.54 vs. $0.56), and carries a consensus Hold rating with an average target of $18.90.

Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) CEO Ujjaval Desai purchased 1,000 shares of the business's stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $13.60 per share, for a total transaction of $13,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,741 shares in the company, valued at approximately $1,098,077.60. This represents a 1.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ujjaval Desai also recently made the following trade(s):

On Friday, December 12th, Ujjaval Desai acquired 1,162 shares of Sound Point Meridian Capital stock. The stock was bought at an average price of $13.84 per share, with a total value of $16,082.08.
On Wednesday, October 22nd, Ujjaval Desai bought 8,000 shares of Sound Point Meridian Capital stock. The shares were bought at an average price of $15.71 per share, for a total transaction of $125,680.00.
On Monday, October 20th, Ujjaval Desai purchased 12,000 shares of Sound Point Meridian Capital stock. The shares were bought at an average cost of $15.36 per share, with a total value of $184,320.00.

Sound Point Meridian Capital Stock Down 0.4%

SPMC stock opened at $13.53 on Wednesday. The company has a market cap of $277.26 million, a price-to-earnings ratio of 67.63 and a beta of 0.25. Sound Point Meridian Capital, Inc. has a twelve month low of $13.06 and a twelve month high of $22.30. The business has a 50 day moving average price of $15.67 and a two-hundred day moving average price of $17.10.

Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $20.23 million during the quarter, compared to the consensus estimate of $20.45 million.

Sound Point Meridian Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a c) annualized dividend and a yield of 22.2%. The ex-dividend date of this dividend is Monday, March 16th. Sound Point Meridian Capital's dividend payout ratio is 1,500.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPMC. Industrial Alliance Securities set a $18.50 price objective on shares of Sound Point Meridian Capital in a research report on Thursday, November 13th. Compass Point set a $20.00 price target on Sound Point Meridian Capital in a report on Tuesday, September 30th. B. Riley lowered their price target on Sound Point Meridian Capital from $23.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, November 20th. Oppenheimer set a $20.00 price objective on Sound Point Meridian Capital in a research report on Monday, December 1st. Finally, Zacks Research downgraded Sound Point Meridian Capital from a "hold" rating to a "strong sell" rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sound Point Meridian Capital has a consensus rating of "Hold" and an average target price of $18.90.

Get Our Latest Analysis on Sound Point Meridian Capital

Institutional Investors Weigh In On Sound Point Meridian Capital

Several hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in shares of Sound Point Meridian Capital during the third quarter worth approximately $267,000. Everest Management Corp. boosted its stake in Sound Point Meridian Capital by 3.7% in the 3rd quarter. Everest Management Corp. now owns 75,555 shares of the company's stock valued at $1,311,000 after purchasing an additional 2,697 shares during the period. Kim LLC acquired a new position in Sound Point Meridian Capital in the 2nd quarter valued at $192,821,000. Finally, Marshall Wace LLP increased its position in Sound Point Meridian Capital by 35.4% during the 2nd quarter. Marshall Wace LLP now owns 77,152 shares of the company's stock worth $1,379,000 after buying an additional 20,163 shares during the period.

Sound Point Meridian Capital Company Profile

(Get 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.