Ridgepost Capital (NYSE:RPC) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ridgepost Capital from “hold” to “buy.” Other analysts were mixed on price targets, while the overall consensus stands at “Moderate Buy” with a $13.67 target price.
• JPMorgan raised its target to $15 and maintained an “overweight” rating; Barclays raised its target to $12, while Oppenheimer lowered its target to $14. All three retained positive ratings.
• RPC opened at $9.73, and institutional investors and hedge funds own about 48.05% of its shares.

Ridgepost Capital (NYSE:RPC - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently commented on RPC. JPMorgan Chase & Co. boosted their target price on Ridgepost Capital from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday. Oppenheimer cut their price target on shares of Ridgepost Capital from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday. Barclays raised their target price on shares of Ridgepost Capital from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Ridgepost Capital from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ridgepost Capital currently has an average rating of "Moderate Buy" and a consensus target price of $13.67.

Ridgepost Capital Stock Performance

Shares of RPC opened at $9.73 on Friday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 12.48 and a beta of 0.85. Ridgepost Capital has a 52 week low of $6.79 and a 52 week high of $11.47. The business has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $8.15.

Institutional Investors Weigh In On Ridgepost Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of Ridgepost Capital by 21.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company's stock valued at $5,723,000 after acquiring an additional 137,445 shares in the last quarter. Guardian Wealth Management Inc. grew its position in shares of Ridgepost Capital by 1.1% during the third quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company's stock valued at $2,859,000 after purchasing an additional 4,114 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Ridgepost Capital during the third quarter valued at $196,000. State of Wyoming acquired a new stake in shares of Ridgepost Capital in the 3rd quarter valued at $62,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Ridgepost Capital by 1.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,100 shares of the company's stock worth $944,000 after buying an additional 1,600 shares during the period. 48.05% of the stock is owned by hedge funds and other institutional investors.

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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