Ridgepost Capital (NYSE:RPC) Upgraded to “Buy” at Wall Street Zen

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

Several other analysts also recently weighed in on RPC. Oppenheimer dropped their price objective on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Ridgepost Capital from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings upgraded Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Barclays boosted their target price on Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.67.

Ridgepost Capital Trading Down 0.5%

Shares of RPC stock opened at $9.73 on Friday. The stock’s fifty day moving average price is $8.31 and its two-hundred day moving average price is $8.15. The company has a market cap of $1.07 billion, a PE ratio of 30.41 and a beta of 0.85. Ridgepost Capital has a fifty-two week low of $6.79 and a fifty-two week high of $11.47. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.71 and a current ratio of 2.71.

Ridgepost Capital Announces Dividend

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 issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.16 annualized dividend and a yield of 1.6%. Ridgepost Capital’s payout ratio is presently 50.00%.

Institutional Trading of Ridgepost Capital

Institutional investors have recently bought and sold shares of the company. State of Wyoming bought a new position in shares of Ridgepost Capital during the 3rd quarter worth approximately $62,000. Squarepoint Ops LLC bought a new stake in shares of Ridgepost Capital in the 2nd quarter valued at $94,000. Susquehanna International Group LLP acquired a new position in shares of Ridgepost Capital during the 2nd quarter valued at $96,000. Arizona State Retirement System acquired a new position in shares of Ridgepost Capital during the 2nd quarter valued at $127,000. Finally, The Manufacturers Life Insurance Company bought a new position in Ridgepost Capital during the second quarter worth $137,000. Institutional investors own 48.05% of the company’s stock.

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.