Guardian Wealth Management Inc. Invests $3 Million in Ridgepost Capital, Inc $RPC

Key Points

• Guardian Wealth Management acquired 380,685 shares of Ridgepost Capital in the second quarter, worth approximately $3 million. The position represents 1.5% of its portfolio and about 0.35% of Ridgepost’s outstanding shares.
• Ridgepost Capital announced a quarterly dividend of $0.04 per share, equivalent to $0.16 annually and a 1.9% yield. Institutional investors and hedge funds collectively own 48.05% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $13, compared with the stock’s recent price of $8.51.

Guardian Wealth Management Inc. purchased a new stake in Ridgepost Capital, Inc (NYSE:RPC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 380,685 shares of the company's stock, valued at approximately $2,996,000. Ridgepost Capital makes up 1.5% of Guardian Wealth Management Inc.'s investment portfolio, making the stock its 27th largest holding. Guardian Wealth Management Inc. owned approximately 0.35% of Ridgepost Capital as of its most recent filing with the Securities & Exchange Commission.

Separately, Caz Investments LP acquired a new stake in shares of Ridgepost Capital in the 2nd quarter worth $157,000. Institutional investors and hedge funds own 48.05% of the company's stock.

Ridgepost Capital Price Performance

NYSE:RPC opened at $8.51 on Friday. Ridgepost Capital, Inc has a 52 week low of $6.79 and a 52 week high of $12.55. 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 company has a market capitalization of $938.13 million, a P/E ratio of 34.04 and a beta of 0.87. The stock's fifty day moving average is $8.47 and its two-hundred day moving average is $8.10.

Ridgepost Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Ridgepost Capital's dividend payout ratio (DPR) is presently 64.00%.

Analysts Set New Price Targets

RPC has been the topic of several analyst reports. Wall Street Zen upgraded Ridgepost Capital from a "hold" rating to a "buy" rating in a report on Saturday. Oppenheimer cut their price objective on shares of Ridgepost Capital from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Thursday, August 27th. Barclays decreased their target price on shares of 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 reissued a "hold (c-)" rating on shares of Ridgepost Capital in a research note on Monday, June 8th. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Ridgepost Capital Company Profile

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.

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