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

Ridgepost Capital, Inc (NYSE:RPC) insider Andrew Rowan Nelson sold 10,000 shares of the business’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ridgepost Capital Price Performance

NYSE:RPC opened at $9.85 on Wednesday. The company has a 50-day moving average of $8.36 and a 200-day moving average of $8.17. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.83 and a beta of 0.85. Ridgepost Capital, Inc has a 52 week low of $6.79 and a 52 week high of $11.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.71 and a current ratio of 2.49.

Ridgepost Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 30th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th. Ridgepost Capital’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RPC. Barclays upped their price objective on Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Wall Street Zen upgraded Ridgepost Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Oppenheimer decreased their price target on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, November 5th. Weiss Ratings upgraded Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Ridgepost Capital from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Ridgepost Capital has an average rating of “Moderate Buy” and a consensus price target of $13.67.

Institutional Inflows and Outflows

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

Ridgepost Capital Company Profile

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.