Ridgepost Capital (NYSE:RPC – Get Free Report) had its target price hoisted by stock analysts at Barclays from $11.00 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 24.99% from the company’s current price.
Several other research firms also recently issued reports on RPC. Oppenheimer reduced their price target on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen lowered Ridgepost Capital from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Ridgepost Capital has an average rating of “Moderate Buy” and an average target price of $13.00.
Read Our Latest Report on Ridgepost Capital
Ridgepost Capital Stock Performance
NYSE:RPC traded down $0.08 during mid-day trading on Thursday, reaching $9.60. 218,635 shares of the company’s stock were exchanged, compared to its average volume of 593,668. The business’s fifty day simple moving average is $8.27 and its two-hundred day simple moving average is $8.13. The firm has a market capitalization of $1.06 billion, a PE ratio of 38.32 and a beta of 0.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.71 and a current ratio of 2.71. Ridgepost Capital has a one year low of $6.79 and a one year high of $11.47.
Institutional Investors Weigh In On Ridgepost Capital
A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp bought a new stake in Ridgepost Capital during the second quarter valued at about $13,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ridgepost Capital during the 2nd quarter worth approximately $988,000. Guardian Wealth Management Inc. bought a new position in shares of Ridgepost Capital during the 2nd quarter valued at approximately $2,996,000. Caz Investments LP bought a new position in shares of Ridgepost Capital during the 2nd quarter valued at approximately $30,345,000. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Ridgepost Capital in the third quarter valued at $196,000. 48.05% of the stock is currently 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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