Choreo LLC Sells 832 Shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC)

Choreo LLC lowered its stake in shares of Sound Point Meridian Capital, Inc. (NYSE:SPMC) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 41,869 shares of the company’s stock after selling 832 shares during the quarter. Choreo LLC’s holdings in Sound Point Meridian Capital were worth $878,000 as of its most recent SEC filing.

Separately, Oppenheimer & Co. Inc. bought a new position in shares of Sound Point Meridian Capital in the third quarter valued at $272,000.

Analyst Ratings Changes

Separately, B. Riley upgraded Sound Point Meridian Capital to a “strong-buy” rating in a report on Tuesday, January 7th.

Insider Activity

In other Sound Point Meridian Capital news, Chairman Stephen Ketchum purchased 4,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were bought at an average price of $20.32 per share, with a total value of $81,280.00. Following the completion of the transaction, the chairman now directly owns 23,326 shares in the company, valued at approximately $473,984.32. This trade represents a 20.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 6,000 shares of company stock valued at $121,850 in the last three months.

Sound Point Meridian Capital Trading Down 0.1 %

Shares of Sound Point Meridian Capital stock opened at $20.91 on Monday. The business’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $20.04. Sound Point Meridian Capital, Inc. has a 12 month low of $18.20 and a 12 month high of $21.97.

Sound Point Meridian Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.00 annualized dividend and a yield of 14.35%.

About Sound Point Meridian Capital

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.