Ridgepost Capital (NYSE:RPC) Stock: Insider Andrew Rowan Nelson Sells 10,000 Shares

Ridgepost Capital, Inc (NYSE:RPC) insider Andrew Rowan Nelson sold 10,000 shares of Ridgepost Capital stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $9.77, for a total transaction of $97,700.00. Following the sale, the insider directly owned 55,334 shares in the company, valued at $540,613.18. This trade represents a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ridgepost Capital Price Performance

RPC stock opened at $9.81 on Thursday. The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.18. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 30.65 and a beta of 0.85. Ridgepost Capital, Inc has a 1 year low of $6.79 and a 1 year high of $11.47. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.49 and a quick ratio of 2.71.

Ridgepost Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 30th will be given a $0.04 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 1.6%. Ridgepost Capital’s dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

RPC has been the topic of a number of research reports. Weiss Ratings raised shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Oppenheimer dropped their price target on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Barclays raised their price objective on Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Wall Street Zen raised Ridgepost Capital from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Ridgepost Capital from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Hedge Funds Weigh In On Ridgepost Capital

Large investors have recently modified their holdings of the business. Caz Investments LP acquired a new position in shares of Ridgepost Capital during the second quarter worth $30,345,000. State Street Corp bought a new stake in shares of Ridgepost Capital in the second quarter worth $13,556,000. Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 137,445 shares during the period. Guardian Wealth Management Inc. acquired a new stake in Ridgepost Capital in the second quarter valued at $2,996,000. Finally, Voya Investment Management LLC increased its holdings in Ridgepost Capital by 19.6% in the third quarter. Voya Investment Management LLC now owns 346,048 shares of the company’s stock valued at $2,571,000 after purchasing an additional 56,666 shares during the period. Institutional investors own 48.05% of the company’s stock.

About Ridgepost Capital

Ridgepost Capital is a special purpose acquisition company (SPAC). Its primary business is to identify and complete a merger, acquisition, share exchange, or similar transaction with an operating business. Before completing a business combination, Ridgepost Capital does not have the operating activities or products of a standalone commercial business. Its future operations would depend on the company it combines with. Reliable information identifying a target industry, geographic focus, or company leadership was not available, so these details are not included.