Ridgepost Capital, Inc (NYSE:RPC) Stock Has Consensus Price Target of $13.67

Shares of Ridgepost Capital, Inc (NYSE:RPC) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.67.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Ridgepost Capital from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Oppenheimer cut their target price on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Wall Street Zen raised Ridgepost Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays raised their price target on Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th.

Institutional Trading of Ridgepost Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Ridgepost Capital by 21.7% in the third quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company’s stock valued at $5,723,000 after buying an additional 137,445 shares during the period. Guardian Wealth Management Inc. grew its position in Ridgepost Capital by 1.1% during the third quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock worth $2,859,000 after buying an additional 4,114 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Ridgepost Capital during the third quarter valued at about $196,000. State of Wyoming bought a new position in Ridgepost Capital during the third quarter valued at about $62,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in 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 acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 48.05% of the company’s stock.

Ridgepost Capital Trading Up 2.3%

Shares of RPC stock opened at $9.92 on Thursday. Ridgepost Capital has a 12 month low of $6.79 and a 12 month high of $11.47. The company has a market cap of $1.09 billion, a PE ratio of 13.44 and a beta of 0.85. 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 business’s 50 day moving average is $8.33 and its two-hundred day moving average is $8.16.

Ridgepost Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, November 30th. This represents a $0.16 annualized dividend and a yield of 1.6%. Ridgepost Capital’s dividend payout ratio is presently 50.00%.

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.