Ridgepost Capital (NYSE:RPC) Shares Gap Down - What's Next?

Key Points

• RPC opened sharply lower at $8.54 versus its prior close of $9.40, but later traded at $9.535 on volume of 31,363 shares.
• Analyst views were mixed: Barclays and Oppenheimer cut their price targets, while Wall Street Zen downgraded the stock to Hold. MarketBeat reports a Moderate Buy consensus and a $13 average target.
• Institutional investors own 48.05% of shares; several firms reported new or increased positions, including State Street, which bought a stake worth about $13.6 million.

Ridgepost Capital, Inc (NYSE:RPC - Get Free Report) shares gapped down prior to trading on Wednesday. The stock had previously closed at $9.40, but opened at $8.54. Ridgepost Capital shares last traded at $9.5350, with a volume of 31,363 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Ridgepost Capital from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Wall Street Zen cut Ridgepost Capital from a "buy" rating to a "hold" rating in a research report on Saturday, October 24th. Oppenheimer reduced their target price on Ridgepost Capital from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Thursday, August 27th. 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ridgepost Capital presently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Ridgepost Capital Stock Performance

The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.13. The firm has a market cap of $1.09 billion, a PE ratio of 39.34 and a beta of 0.85.

Institutional Trading of Ridgepost Capital

A number of institutional investors and hedge funds have recently bought and sold shares of RPC. Guardian Wealth Management Inc. increased its position in shares of Ridgepost Capital by 1.1% in the 3rd 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 during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Ridgepost Capital in the 3rd quarter valued at about $196,000. State of Wyoming acquired a new stake in shares of Ridgepost Capital in the 3rd quarter valued at about $62,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted 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 valued at $944,000 after purchasing an additional 1,600 shares during the period. Finally, State Street Corp purchased a new position in Ridgepost Capital during the 2nd quarter worth approximately $13,556,000. 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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