Sound Point Meridian Capital Inc is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York. The company went IPO on 2024-06-14. 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. The company 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. The company 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.
Follow-Up Questions
What is Sound Point Meridian Capital Inc (SPMC)'s P/E Ratio?
The P/E ratio of Sound Point Meridian Capital Inc is 20.4344
What is the price performance of SPMC stock?
The current price of SPMC is $17.62, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Sound Point Meridian Capital Inc?
Sound Point Meridian Capital Inc belongs to Financial Services industry and the sector is Financials
What is Sound Point Meridian Capital Inc market cap?
Sound Point Meridian Capital Inc's current market cap is $358.0M
Is Sound Point Meridian Capital Inc a buy, sell, or hold?
According to wall street analysts, 6 analysts have made analyst ratings for Sound Point Meridian Capital Inc, including 3 strong buy, 6 buy, 1 hold, 0 sell, and 3 strong sell
