Sound Point Meridian Capital Inc (SPMC)
Sound Point Meridian Capital Inc operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $9.87, down 8.36% on the session, giving a market capitalisation of $202.7M. On trailing twelve-month figures it carries a trailing P/E of -1.17, a net margin of -167.3%. Its beta of 1.15 implies it has historically moved more than the broad market.
Sound Point Meridian Capital, LLC functions as a closed-end investment firm based in the United States. The company's primary investment strategy involves allocating capital to the equity and mezzanine layers of collateralized loan obligations (CLOs). These CLOs are backed by diversified pools of predominantly lower-rated, U.S. senior secured debt. Established in 2022, its operations are headquartered in New York, New York.
Sound Point Meridian Capital Inc is most often compared with the following Financial Services names: