Ridgepost Capital (NYSE:RPC) Insider Purchases $91,375.00 in Stock

Ridgepost Capital, Inc (NYSE:RPC) insider Charles K. Huebner Trust purchased 12,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $7.31 per share, with a total value of $91,375.00. Following the completion of the acquisition, the insider directly owned 188,554 shares of the company’s stock, valued at approximately $1,378,329.74. This trade represents a 7.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Charles K. Huebner Trust also recently made the following trade(s):

• On Thursday, February 19th, Charles K. Huebner Trust purchased 20,000 shares of Ridgepost Capital stock. The shares were acquired at an average price of $8.68 per share, with a total value of $173,600.00.

Ridgepost Capital Stock Down 0.1%

Shares of RPC stock opened at $7.74 on Thursday. The firm has a market cap of $850.93 million, a P/E ratio of 42.97 and a beta of 0.84. Ridgepost Capital, Inc has a 1 year low of $7.10 and a 1 year high of $13.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.27 and a current ratio of 2.27.

Ridgepost Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.0375 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.9%. Ridgepost Capital’s dividend payout ratio is currently 83.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RPC. Barclays decreased their target price on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Zacks Research upgraded shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings began coverage on Ridgepost Capital in a report on Thursday, February 12th. They set a “hold (c)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $11.00.

Ridgepost Capital Company Profile

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.