SPMC
Sound Point Meridian Capital, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-44/100
Last price
8.25
■ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
8.25
Day high
8.28
Day low
8.20
Volume
9.17K
Market cap
$170.19M
P/E (TTM)
—
52W range
7.82 – 18.17
Trailing performance
Returnvs SPY
1W
-1.08%
-3.0%
1M
-15.82%
-17.0%
3M
-20.37%
-24.9%
6M
-17.50%
-35.7%
YTD
-40.00%
-54.2%
1Y
-54.06%
-70.5%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SPMC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+244.29K
Net buying
Buy transactions
2
246.72K shares
Sell transactions
1
2.43K shares
Net transactions
+3
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
21.27M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 27, 26 | FORSTENHAUSLER MATTHEW E. Director |
BUY | 4.00K | $37.01K | Direct |
| Aug 26, 26 | FORSTENHAUSLER MATTHEW E. Director |
SELL | 2.43K | $22.33K | Direct |
| Apr 30, 26 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
BUY | 242.72K | $2.45M | Indirect |
| Feb 13, 26 | KETCHUM STEPHEN Chairman of the Board |
BUY | 1.00K | $11.40K | Direct |
| Feb 13, 26 | FORSTENHAUSLER MATTHEW E. Director |
BUY | 2.00K | $23.00K | Direct |
| Jan 29, 26 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 237 | $3.39K | Indirect |
| Jan 27, 26 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 4.87K | $69.62K | Indirect |
| Jan 14, 26 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 5.60K | $81.94K | Indirect |
| Dec 19, 25 | FORSTENHAUSLER MATTHEW E. Director |
BUY | 6.32K | $86.05K | Direct |
| Dec 16, 25 | DESAI UJJAVAL Chief Executive Officer |
BUY | 3.16K | $43.05K | Direct |
| Nov 17, 25 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 102 | $1.67K | Indirect |
| Oct 28, 25 | ASSURED GUARANTY LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 2.74K | $45.61K | Indirect |
| Oct 22, 25 | KETCHUM STEPHEN Chairman of the Board |
BUY | 8.00K | $124.27K | Direct |
| Oct 22, 25 | DESAI UJJAVAL Chief Executive Officer |
BUY | 20.00K | $310.00K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ASSURED GUARANTY LTD. |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
DESAI UJJAVAL |
Chief Executive Officer | 81.74K | Purchase |
FORSTENHAUSLER MATTHEW E. |
Director | 12.49K | Purchase |
HEALY DOUGLAS TAYLOR |
Director | 500 | Purchase |
KETCHUM STEPHEN |
Chairman of the Board | 93.91K | Purchase |
LEWIN LANA |
Director | 492 | Purchase |
Fundamentals
Market cap$170.19M
Enterprise value$213.00M
Revenue (TTM)$65.73M
Gross profit$65.73M
EBITDA—
Net income$-118.43M
EPS (TTM)$-6.15
Free cash flow—
Total cash$20.96M
Total debt$60.00M
Book value / share$9.88
Shares outstanding20.63M
Float—
Short % of float—
Dividend yield14.55%
Beta (5Y)1.20
Valuation & profitability ratios
Trailing P/E—
Forward P/E6.17
PEG ratio—
Price / sales—
Price / book0.83
EV / revenue3.24
EV / EBITDA—
Gross margin100.00%
Operating margin68.52%
Profit margin-180.17%
Return on equity—
Return on assets—
Debt / equity28.83
Current ratio0.12
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2023 | YoY |
|---|---|---|---|
| Total revenue | -$121.96M | $64.39M | -289.4% |
| Operating revenue | -$121.96M | $64.39M | -289.4% |
| Selling, general & admin | $4.18M | $792.40K | +427.4% |
| Total operating expense | $4.27M | $792.40K | +438.5% |
| Pre-tax income | -$126.23M | $63.60M | -298.5% |
| Net income | -$126.23M | $63.60M | -298.5% |
| Net income to common | -$126.23M | $63.60M | -298.5% |
| Basic EPS | — | 3.18 | — |
| Diluted EPS | — | 3.18 | — |
| Basic shares | — | 20.02M | — |
| Diluted shares | — | 20.02M | — |
| Line item | 2026 | 2023 | YoY |
|---|---|---|---|
| Cash & equivalents | $5.81M | $4.99M | +16.3% |
| Total assets | $374.53M | $303.21M | +23.5% |
| Total debt | $60.00M | — | — |
| Total liabilities | $175.83M | $9.05M | +1,843.6% |
| Retained earnings | -$168.43M | — | — |
| Shareholder equity | $198.70M | $294.17M | -32.5% |
| Net tangible assets | $198.70M | $294.17M | -32.5% |
| Shares issued | 20.63M | 20.02M | +3.0% |
| Line item | 2026 | 2023 | YoY |
|---|---|---|---|
| Net income | -$126.23M | $63.60M | -298.5% |
| Change in working capital | -$2.61M | -$2.40M | -8.6% |
| Operating cash flow | $6.73M | -$106.38M | +106.3% |
| Share buybacks | — | -$42.04K | — |
| Dividends paid | -$57.83M | — | — |
| Financing cash flow | -$10.87M | $85.46M | -112.7% |
| Free cash flow | $6.73M | -$106.38M | +106.3% |
| End cash position | $5.81M | $4.99M | +16.3% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2026-03-31 | 2025-09-30 | YoY |
|---|---|---|---|
| Cash & equivalents | $5.81M | $3.71M | +56.5% |
| Total assets | $374.53M | $541.29M | -30.8% |
| Total debt | $60.00M | $67.50M | -11.1% |
| Total liabilities | $175.83M | $195.07M | -9.9% |
| Retained earnings | -$168.43M | -$48.75M | -245.5% |
| Shareholder equity | $198.70M | $346.22M | -42.6% |
| Net tangible assets | $198.70M | $346.22M | -42.6% |
| Shares issued | 20.63M | 20.50M | +0.6% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.31 | 0.24 | -21.3% |
| Mar 2026 | 0.42 | 0.33 | -20.5% |
| Dec 2025 | 0.53 | 0.44 | -17.0% |
| Sep 2025 | 0.57 | 0.54 | -5.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.31 | 2 | $13.88M | -31.4% |
| Next quarter | 0.31 | 2 | $14.02M | -21.9% |
| Current year | 1.16 | 2 | $54.53M | -24.8% |
| Next year | 1.34 | 4 | $57.82M | +6.0% |
Analyst targets & ownership
Mean target$10.50
High target$11.00
Low target$10.00
Implied upside27.27%
Analyst count3
ConsensusBUY
Strong buy / Buy0 / 2
Hold2
Sell / Strong sell0 / 0
Held by insiders100.89%
Held by institutions7.03%
Institutions holding16
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
8.35
-1.20% from price
SMA 20
8.85
-6.73% from price
SMA 50
9.45
-12.73% from price
SMA 100
10.02
-17.69% from price
SMA 200
10.70
-22.89% from price
EMA 12
8.50
-3.00% from price
EMA 26
8.87
-7.02% from price
EMA 50
9.28
-11.08% from price
RSI (14)
32.0
Neutral
MACD (12,26,9)
-0.37
Hist -0.03
ATR (14)
0.35
4.25% of price
Realised vol 30D
29.1%
Annualised
Bollinger upper
9.96
20, 2σ
Bollinger lower
7.73
20, 2σ
50 / 200 cross
Death
9.45 vs 10.70
Trend bias
Below 200
-22.89%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.41
Less volatile than market
Correlation to SPY
0.14
Largely independent
Realised vol 30D
29.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-54.6%
Peak to trough
Max drawdown 5Y
-62.8%
Peak to trough
ATR 14
0.35
4.25% of price
Beta (reported)
1.20
5Y monthly, from filing
Short interest
Shares short
110.68K
Prior 133.72K
Change vs prior
-17.2%
Shorts covering
% of float
—
—
% of shares out
0.54%
Against total outstanding
Days to cover
4.5
Liquid
Float
—
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 13, 26 | B. Riley Securities | MAINTAINED | Neutral | Neutral |
| Mar 16, 26 | B. Riley Securities | MAINTAINED | Neutral | Neutral |
| Nov 28, 25 | Clear Street | MAINTAINED | Buy | Buy |
| Nov 20, 25 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Oct 1, 25 | Clear Street | INITIATED | — | Buy |
| Jul 18, 25 | Alliance Global Partners | INITIATED | — | Buy |
| Oct 9, 24 | B. Riley Securities | INITIATED | — | Buy |
| Jul 9, 24 | Oppenheimer | INITIATED | — | Outperform |
Dividends & splits
Forward rate$1.20 / yr
Forward yield14.55%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateOct 15, 2026
Next pay dateDec 31, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-08
Monthly Portfolio Investments Report on Form N- PORT (Public)
NPORT-P · 2026-08-27
Corporate Changes & Voting Matters
8-K · 2026-08-12
Corporate Changes & Voting Matters
8-K · 2026-07-14
Annual Report for Registered Investment Companies
N-CEN · 2026-06-09
Corporate Changes & Voting Matters
8-K · 2026-06-08
Periodic Reports
N-CSR · 2026-05-28
Corporate Changes & Voting Matters
8-K · 2026-05-27
Headlines
Sound Point Meridian Capital Inc (SPMC) (Q1 2027) Earnings Call Highlights: NAV Rises to $9. ...
GuruFocus.com · 55d ago
Sound Point Meridian Capital Q1 Earnings Call Highlights
MarketBeat · 56d ago
Sound Point Meridian Capital Inc Q1 2027 Earnings Call Summary
Moby · 56d ago
Sound Point Meridian Capital, Inc. (SPMC) Lags Q1 Earnings and Revenue Estimates
Zacks · 56d ago
Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2027 Common and Preferred Distributions and Results for the First Fiscal Quarter Ended June 30, 2026
Business Wire · 56d ago
PennantPark (PFLT) Lags Q3 Earnings and Revenue Estimates
Zacks · 57d ago
RLJ Lodging (RLJ) Tops Q2 FFO and Revenue Estimates
Zacks · 61d ago
Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2026 Earnings Release and Conference Call
Business Wire · 70d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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