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Stephen Ketchum, Chairman of Sound Point Meridian Capital, Inc. (NASDAQ:SPMC), recently purchased shares of the company’s common stock in a series of transactions. The timing is notable as the stock trades near its 52-week low of $15.88, with InvestingPro data showing an impressive 18.83% dividend yield. From October 20 to October 22, 2025, Ketchum acquired a total of 8,000 shares for approximately $124,270.
The purchases were made at prices ranging from $15.31 to $15.61 per share. Specifically, on October 20, Ketchum bought 5,000 shares at a weighted average price of $15.61. On October 21, he purchased 2,000 shares at a weighted average price of $15.31. The final purchase occurred on October 22, with 1,000 shares bought at $15.60.
Following these transactions, Ketchum directly owns 95,090 shares of Sound Point Meridian Capital , Inc. Additionally, he may be deemed to have or share beneficial ownership of 815.039 shares held by SPC Consolidator LLC, where he serves as the Managing Member.
In other recent news, Sound Point Meridian Capital, Inc. has provided preliminary estimates for its third-quarter financial performance as of September 30, 2025. The company reported an estimated net asset value per share ranging from $16.86 to $16.96. Management also projected net investment income to be between $0.49 and $0.59 per share, with realized gains or losses estimated between $0.00 and a loss of $0.10 per share.
Additionally, Clear Street has initiated coverage of Sound Point Meridian Capital with a Buy rating, setting a price target of $20.00. The research firm noted the company’s focus as a CLO equity investor, supported by Sound Point Capital Management’s extensive alternative credit platform. These developments come after Sound Point Meridian Capital’s IPO in June 2024, highlighting its ongoing strategic positioning in the financial sector.
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