VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Ridgepost Capital, Inc $RPC

VIRGINIA RETIREMENT SYSTEMS ET Al bought 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 and Exchange Commission (SEC). The institutional investor bought 125,500 shares of the company's stock, valued at approximately $988,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.11% of Ridgepost Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caz Investments LP acquired a new stake in Ridgepost Capital during the second quarter worth $157,000. Susquehanna International Group LLP acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at $96,000. Guardian Wealth Management Inc. acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at $2,996,000. Finally, California State Teachers Retirement System bought a new position in shares of Ridgepost Capital during the 2nd quarter worth about $4,317,000. 48.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer decreased their target price on shares of Ridgepost Capital from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Thursday, August 27th. Weiss Ratings restated a "hold (c-)" rating on shares of Ridgepost Capital in a research note on Friday, September 4th. Barclays decreased 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, Wall Street Zen upgraded Ridgepost Capital from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Ridgepost Capital Stock Down 0.2%

Shares of NYSE RPC opened at $8.09 on Monday. The stock has a market cap of $892.28 million, a PE ratio of 32.38 and a beta of 0.87. The business has a fifty day moving average of $8.50 and a two-hundred day moving average of $8.09. Ridgepost Capital, Inc has a 52-week low of $6.79 and a 52-week high of $12.40. 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 Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, August 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. Ridgepost Capital's dividend payout ratio (DPR) is 64.00%.

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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