Forstenhausler buys Sound Point Meridian Capital (SPMC) shares worth $23,000

NodeGuardian · 2026-02-25T09:06:18+00:00

Matthew E. Forstenhausler purchased 2,000 shares of Sound Point Meridian Capital for $23,000, raising his holdings to 9,644.225 shares. Despite a 35% price decline, the stock offers a high dividend yield and is deemed oversold.

NodeGuardian

2026-02-25 09:06:18

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Matthew E. Forstenhausler, a director at Sound Point Meridian Capital (NASDAQ:SPMC), purchased 2,000 shares worth $23,000 on February 13, 2026. This acquisition, made at a price 9% above the current trading price, increases his direct holdings to 9,644.225 shares. The purchase follows a significant price decline for SPMC, which is down over 35% in six months but offers a 22.79% dividend yield and is considered oversold by InvestingPro.

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