<div id="readability-page-1"><p>Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) major shareholder Guaranty Ltd Assured sold 4,562 shares of the business's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $14.31, for a total transaction of $65,282.22. Following the completion of the transaction, the insider directly owned 5,269,690 shares of the company's stock, valued at $75,409,263.90. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.</p><p>Guaranty Ltd Assured also recently made the following trade(s): </p><ul><li>On Friday, January 23rd, Guaranty Ltd Assured sold 305 shares of Sound Point Meridian Capital stock. The stock was sold at an average price of $14.29, for a total transaction of $4,358.45. </li><li>On Wednesday, January 14th, Guaranty Ltd Assured sold 1,650 shares of Sound Point Meridian Capital stock. The stock was sold at an average price of $14.48, for a total value of $23,892.00. </li><li>On Tuesday, January 13th, Guaranty Ltd Assured sold 165 shares of Sound Point Meridian Capital stock. The stock was sold at an average price of $14.50, for a total transaction of $2,392.50. </li><li>On Monday, January 12th, Guaranty Ltd Assured sold 3,782 shares of Sound Point Meridian Capital stock. The shares were sold at an average price of $14.72, for a total value of $55,671.04. </li><li>On Monday, November 17th, Guaranty Ltd Assured sold 102 shares of Sound Point Meridian Capital stock. The shares were sold at an average price of $16.40, for a total value of $1,672.80. </li></ul><h2>Sound Point Meridian Capital Stock Down 0.7%</h2><p>Shares of Sound Point Meridian Capital stock traded down $0.09 during trading hours on Tuesday, hitting $14.21. The company's stock had a trading volume of 15,650 shares, compared to its average volume of 22,268. The company has a market capitalization of $291.24 million, a PE ratio of 71.04 and a beta of 0.32. The business has a fifty day moving average of $14.17 and a 200 day moving average of $16.31. Sound Point Meridian Capital, Inc. has a 1-year low of $13.06 and a 1-year high of $22.30. </p><p>Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The business had revenue of $20.23 million during the quarter, compared to the consensus estimate of $20.45 million. </p><h2>Sound Point Meridian Capital Dividend Announcement</h2><p>The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 21.1%. Sound Point Meridian Capital's dividend payout ratio  is currently 1,500.00%. </p><h2>Institutional Trading of Sound Point Meridian Capital</h2><p>Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in  Sound Point Meridian Capital in the third quarter worth $267,000.  Everest Management Corp. bought a new stake in shares of  Sound Point Meridian Capital in the second quarter valued at approximately $1,303,000.  Marshall Wace LLP boosted its holdings in  Sound Point Meridian Capital by 35.4% in the 2nd quarter. Marshall Wace LLP now owns 77,152 shares of the company's stock valued at $1,379,000 after purchasing an additional 20,163 shares during the period.  Finally, Kim LLC bought a new stake in shares of  Sound Point Meridian Capital in the second quarter valued at about $192,821,000. </p><h2>Analyst Ratings Changes</h2><p>A number of equities research analysts have recently weighed in on the company. Zacks Research cut Sound Point Meridian Capital from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Friday, November 21st. B. Riley cut their target price on Sound Point Meridian Capital from $23.00 to $16.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, November 20th. Compass Point  set a $20.00 price target on Sound Point Meridian Capital in a research note on Tuesday, September 30th. Oppenheimer  set a $20.00 price target on Sound Point Meridian Capital in a report on Monday, December 1st. Finally, Industrial Alliance Securities  set a $18.50 price objective on shares of Sound Point Meridian Capital in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, one  has issued  a Hold rating and one  has assigned  a Sell rating to the company. According to data from MarketBeat.com, Sound Point Meridian Capital currently has an average rating of &#34;Hold&#34; and an average price target of $18.90.</p><p><b>View Our Latest Stock Report on SPMC</b></p><h2>About Sound Point Meridian Capital</h2> (Get Free Report)<p>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. Sound Point Meridian Capital Inc is based in NEW YORK. </p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Sound Point Meridian Capital</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>Do not delete, read immediately</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>“Fed Proof” Your Bank Account with THESE 4 Simple Steps</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQTUM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQTUM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sound Point Meridian Capital Right Now?</h2><p>Before you consider Sound Point Meridian Capital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sound Point Meridian Capital wasn't on the list.</p><p>While Sound Point Meridian Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPMC

<p>Sound Point Meridian Capital's major shareholder, Guaranty Ltd Assured, sold 4,562 shares for $65,282.22 on January 27th, reducing their stake by 0.09%. Post-transaction, they hold 5,269,690 shares valued at $75,409,263.90. The stock price fell 0.7% to $14.21, with a market cap of $291.24 million. The company recently declared a monthly dividend of $0.25 per share, with a yield of 21.1%. Analysts have downgraded the stock from "hold" to "strong sell."</p>

Sound Point Meridian Capital (NYSE:SPMC) Major Shareholder Sells $65,282.22 in Stock