Ridgepost Capital (NYSE:RPC) Stock Dropped to “Hold” by Wall Street Zen

Wall Street Zen cut shares of Ridgepost Capital (NYSE:RPC) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other brokerages have also weighed in on RPC. Barclays lowered their price objective on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Finally, Oppenheimer reduced their target price on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ridgepost Capital presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Ridgepost Capital Stock Down 1.7%

Shares of NYSE:RPC opened at $8.71 on Friday. 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 company has a fifty day simple moving average of $8.19 and a 200 day simple moving average of $8.17. The firm has a market cap of $959.84 million, a PE ratio of 34.83 and a beta of 0.89. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $11.47.

Ridgepost Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 31st were paid a $0.04 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.8%. Ridgepost Capital’s dividend payout ratio (DPR) is presently 64.00%.

Hedge Funds Weigh In On Ridgepost Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp bought a new position in shares of Ridgepost Capital in the second quarter worth $13,556,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ridgepost Capital during the second quarter valued at about $137,000. Squarepoint Ops LLC bought a new stake in shares of Ridgepost Capital during the second quarter valued at about $94,000. Arizona State Retirement System bought a new stake in shares of Ridgepost Capital during the second quarter valued at about $127,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Ridgepost Capital during the second quarter valued at about $988,000. 48.05% of the stock is currently owned by institutional investors and hedge funds.

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.