Ridgepost Capital (NYSE:RPC) Stock Jumps 1.4% - Should You Buy?

Key Points

• Ridgepost Capital shares rose 1.4% to about $8.38, with trading volume below its daily average.
• Analyst sentiment is moderately positive: the stock has a consensus “Moderate Buy” rating and an average price target of $13, despite recent target cuts from Barclays and Oppenheimer.
• The company pays a quarterly dividend of $0.04 per share, equivalent to a 1.9% annual yield, while institutional investors own approximately 48.05% of its stock.

Shares of Ridgepost Capital, Inc (NYSE:RPC - Get Free Report) were up 1.4% during mid-day trading on Monday. The stock traded as high as $8.44 and last traded at $8.3840. Approximately 458,668 shares traded hands during trading, a decline of 17% from the average daily volume of 550,319 shares. The stock had previously closed at $8.27.

Analysts Set New Price Targets

Several research analysts recently commented on RPC shares. Barclays reduced their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Weiss Ratings upgraded Ridgepost Capital from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Oppenheimer decreased their target price 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. Finally, Wall Street Zen upgraded Ridgepost Capital from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Ridgepost Capital Stock Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a fifty day simple moving average of $8.20 and a 200 day simple moving average of $8.13. The company has a market capitalization of $924.25 million, a price-to-earnings ratio of 33.54 and a beta of 0.89.

Ridgepost Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 31st were given a dividend of $0.04 per share. The ex-dividend date was Monday, August 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.9%. Ridgepost Capital's dividend payout ratio is currently 64.00%.

Institutional Trading of Ridgepost Capital

Institutional investors have recently modified their holdings of the stock. State Street Corp acquired a new position in shares of Ridgepost Capital during the second quarter valued at approximately $13,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Ridgepost Capital during the 2nd quarter worth $988,000. Guardian Wealth Management Inc. purchased a new position in Ridgepost Capital during the second quarter worth about $2,996,000. Caz Investments LP purchased a new stake in shares of Ridgepost Capital during the 2nd quarter valued at approximately $30,345,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at $137,000. Institutional investors and hedge funds own 48.05% of the company's stock.

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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