Insider Buying: Ridgepost Capital (NYSE:RPC) Insider Acquires 20,000 Shares of Stock

Ridgepost Capital, Inc (NYSE:RPC) insider Charles K. Huebner Trust acquired 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $8.68 per share, with a total value of $173,600.00. Following the acquisition, the insider owned 176,054 shares of the company’s stock, valued at $1,528,148.72. This represents a 12.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Charles K. Huebner Trust also recently made the following trade(s):

• On Thursday, March 12th, Charles K. Huebner Trust acquired 12,500 shares of Ridgepost Capital stock. The shares were purchased at an average cost of $7.31 per share, with a total value of $91,375.00.

Ridgepost Capital Stock Performance

Shares of RPC stock traded up $0.12 during mid-day trading on Monday, reaching $7.32. 2,578,281 shares of the company’s stock traded hands, compared to its average volume of 737,924. Ridgepost Capital, Inc has a 12 month low of $7.10 and a 12 month high of $13.08. The stock has a market cap of $804.72 million, a PE ratio of 40.64 and a beta of 0.84. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.93.

Ridgepost Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Ridgepost Capital’s dividend payout ratio (DPR) is 83.33%.

Analysts Set New Price Targets

RPC has been the topic of a number of recent research reports. Weiss Ratings assumed coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They issued a “hold (c)” rating on the stock. Barclays lowered their target price on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, Zacks Research raised Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Ridgepost Capital currently has a consensus rating of “Buy” and an average target price of $11.00.

About Ridgepost Capital

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.