Screened 2026-05-22 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Sound Point Meridian Capital, Inc. holds its Distribution at $11.53. The statistical read favours the sellers, held for 25 days.
As held on the ledger · 2026-05-22
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 25 days
Price at the screen
$11.53
Valuation
3.42 trailing · 6.12 forward price to earnings
Values screen
FAIL
The Workings
Five Screens, Shown in Full
Does not pass. Business activity: conventional financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Its core business involves an activity the values screen does not clear.
Fail
Debt load
81.04%
Below 33%
Interest-bearing debt is 81.0% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.23%
Below 33%
Cash held in interest-bearing accounts and securities is 0.2% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-05-22 screen. The gold marker is the market price at the same screen. A 13.9% margin of safety to the base estimate.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-05-22 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
SPMC trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-13Markup$11.53+0.0%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 21%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (3 analysts) rates it none, with a mean price target of $12.
2026-07-18Markup$11.53+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 21%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (3 analysts) rates it none, with a mean price target of $12.
2026-07-03Markup$11.53+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markup$11.53Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · SPMC
Date
Insider
Title
Type
Shares
Value
2026-04-30
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security
242,718
$2,451,456
2026-02-13
FORSTENHAUSLER MATTHEW E.
Director
2,000
$23,000
2026-02-13
KETCHUM STEPHEN
Chairman of the Board
1,000
$11,400
2026-01-29
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security
237
$3,393
2026-01-27
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security
4,867
$69,623
2026-01-14
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security
5,597
$81,941
2025-12-19
FORSTENHAUSLER MATTHEW E.
Director
6,318
$86,045
2025-12-16
DESAI UJJAVAL
Chief Executive Officer
3,162
$43,052
2025-11-17
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security
102
$1,673
2025-10-28
ASSURED GUARANTY LTD.
Beneficial Owner of more than 10% of a Class of Security