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Sound Point Meridian Capital , Inc. (NYSE:SPMC), a Delaware-incorporated company with a market capitalization of $423 million, disclosed in a recent SEC filing an estimated net asset value (NAV) per share for its common stock. As of January 31, 2025, the management’s unaudited estimate of the NAV per share ranged between $20.51 and $20.61, while the current stock price stands at $20.82.
This financial information is based on a Form 8-K filed with the Securities and Exchange Commission on February 10, 2025. The report was submitted by Ujjaval Desai, the Chief Executive Officer of Sound Point Meridian Capital, Inc., fulfilling the company’s regulatory requirements. According to InvestingPro analysis, the company maintains a GOOD financial health score, though it faces challenges with weak gross profit margins.
The 8-K filing also confirms that the company’s common stock and its 8.00% Series A Preferred Stock due 2029 are both listed on the New York Stock Exchange under the symbols SPMC and SPMA, respectively.
The NAV per share is a significant indicator for investors as it represents the value per share of a company’s total assets minus its liabilities. This figure is crucial for assessing the company’s financial health and performance, particularly for closed-end funds and investment companies like Sound Point Meridian Capital, Inc.
Investors often look to the NAV per share to gauge whether a stock is trading at a discount or premium to its net asset value, which can influence investment decisions. Notably, SPMC offers a substantial dividend yield of 14.35%, with analysts setting price targets between $21.00 and $22.50. For more detailed valuation insights and additional ProTips, consider exploring InvestingPro.
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