Barclays Forecasts Strong Price Appreciation for Ridgepost Capital (NYSE:RPC) Stock

Ridgepost Capital (NYSE:RPC) had its price objective raised by research analysts at Barclays from $11.00 to $12.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 23.33% from the stock’s previous close.

Several other research firms have also recently issued reports on RPC. Wall Street Zen cut Ridgepost Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Oppenheimer lowered their target price on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.67.

Ridgepost Capital Price Performance

Shares of RPC traded down $0.05 during mid-day trading on Thursday, hitting $9.73. The company’s stock had a trading volume of 1,322,043 shares, compared to its average volume of 490,815. 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 firm has a 50-day simple moving average of $8.31 and a 200 day simple moving average of $8.15. The firm has a market capitalization of $1.07 billion, a P/E ratio of 30.41 and a beta of 0.85. Ridgepost Capital has a 1-year low of $6.79 and a 1-year high of $11.47.

Institutional Investors Weigh In On Ridgepost Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp acquired a new position in Ridgepost Capital in the second quarter valued at $13,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ridgepost Capital in the 2nd quarter worth about $988,000. Guardian Wealth Management Inc. purchased a new stake in Ridgepost Capital in the 2nd quarter valued at about $2,996,000. Caz Investments LP purchased a new stake in Ridgepost Capital in the 2nd quarter valued at about $30,345,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Ridgepost Capital during the 2nd quarter valued at about $94,000. Hedge funds and other institutional investors 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.