Ridgepost Capital, Inc (NYSE:RPC – Get Free Report)’s stock price rose 1.4% on Monday. The company traded as high as $8.44 and last traded at $8.3840. 458,668 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 550,319 shares. The stock had previously closed at $8.27.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Ridgepost Capital from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Oppenheimer lowered their target price on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Weiss Ratings upgraded Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, Barclays dropped their target price on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ridgepost Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.
View Our Latest Stock Report on Ridgepost Capital
Ridgepost Capital Trading Down 1.0%
The company has a fifty day moving average of $8.20 and a 200-day moving average of $8.14. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $933.18 million, a price-to-earnings ratio of 33.86 and a beta of 0.89.
Ridgepost Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Monday, August 31st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 31st. Ridgepost Capital’s dividend payout ratio is 64.00%.
Hedge Funds Weigh In On Ridgepost Capital
Several hedge funds and other institutional investors have recently modified their holdings of RPC. Caz Investments LP purchased a new stake in Ridgepost Capital during the 2nd quarter valued at about $30,345,000. State Street Corp acquired a new stake in Ridgepost Capital in the 2nd quarter valued at about $13,556,000. Guardian Wealth Management Inc. acquired a new stake in Ridgepost Capital in the 2nd quarter valued at about $2,996,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ridgepost Capital in the 2nd quarter valued at about $988,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Ridgepost Capital in the 2nd quarter worth approximately $137,000. 48.05% of the stock is owned by hedge funds and other institutional investors.
About Ridgepost Capital
P10, Inc, together with its subsidiaries, operates as a multi-asset class private market solutions provider in the alternative asset management industry in the United States. The company offers private equity, venture capital, private credit, impact investing, and private credit services, as well as primary fund of funds, secondary investment, and direct and co-investments services. It also provides tax credit transaction and consulting services. The company was founded in 1992 and is headquartered in Dallas, Texas.
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