Ridgepost Capital (NYSE:RPC) Stock Rating Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Ridgepost Capital (NYSE: RPC) from “Buy” to “Hold.” Despite the cut, the analyst consensus remains “Moderate Buy,” with an average price target of $13.00.
• Other analysts also reduced their price targets, with Oppenheimer lowering its target to $15 and Barclays cutting its target to $11, while maintaining “Outperform” and “Overweight” ratings, respectively.
• RPC opened at $8.71, well below the consensus target, and institutional investors own 48.05% of its shares after several major investors established new positions during the second quarter.

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 note issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on RPC. Oppenheimer lowered their target price on shares of Ridgepost Capital from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Thursday, August 27th. Barclays lowered their price objective on Ridgepost Capital from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Ridgepost Capital from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Ridgepost Capital Stock Performance

NYSE RPC opened at $8.71 on Friday. The firm has a market cap of $959.86 million, a P/E ratio of 11.51 and a beta of 0.89. Ridgepost Capital has a 52-week low of $6.79 and a 52-week high of $11.47. The business's 50-day moving average price is $8.19 and its 200 day moving average price is $8.17. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95.

Institutional Investors Weigh In On Ridgepost Capital

A number of large investors have recently bought and sold shares of RPC. Caz Investments LP acquired a new position in Ridgepost Capital in the 2nd quarter valued at about $30,345,000. State Street Corp acquired a new stake in shares of Ridgepost Capital during the 2nd quarter worth about $13,556,000. Guardian Wealth Management Inc. acquired a new stake in shares of Ridgepost Capital during the 2nd quarter worth about $2,996,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ridgepost Capital during the 2nd 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. Institutional investors and hedge funds 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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