Ridgepost Capital (NYSE:RPC – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
RPC has been the topic of a number of other research reports. Barclays reduced their price objective on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Oppenheimer lowered their target price on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ridgepost Capital has an average rating of “Moderate Buy” and an average target price of $13.00.
Get Our Latest Stock Report on RPC
Ridgepost Capital Stock Up 0.3%
Shares of Ridgepost Capital stock opened at $8.71 on Friday. Ridgepost Capital has a twelve month low of $6.79 and a twelve month high of $11.47. The stock has a market cap of $959.86 million, a price-to-earnings ratio of 34.83 and a beta of 0.89. 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 fifty day moving average price of $8.19 and a 200 day moving average price of $8.18.
Institutional Investors Weigh In On Ridgepost Capital
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caz Investments LP purchased a new position in Ridgepost Capital in the 2nd quarter valued at about $30,345,000. State Street Corp purchased a new stake in shares of Ridgepost Capital during the second quarter worth about $13,556,000. Guardian Wealth Management Inc. purchased a new stake in shares of Ridgepost Capital during the second quarter worth about $2,996,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ridgepost Capital during the second quarter worth about $988,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Ridgepost Capital during the second quarter worth about $137,000. Hedge funds and other institutional investors own 48.05% of the company’s stock.
Ridgepost Capital Company Profile
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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