Ridgepost Capital (NYSE:RPC) Shares Gap Down on Analyst Downgrade

Shares of Ridgepost Capital, Inc (NYSE:RPC) gapped down prior to trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $7.57, but opened at $7.22. Ridgepost Capital shares last traded at $7.5250, with a volume of 116,314 shares.

Several other research firms have also issued reports on RPC. Barclays lowered their price target on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings began coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Insider Buying and Selling at Ridgepost Capital

In related news, insider Charles K. Huebner Trust purchased 12,500 shares of the company’s stock in a transaction dated 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 acquisition, the insider directly owned 188,554 shares in the company, valued at $1,378,329.74. The trade was a 7.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert B. Stewart, Jr. purchased 5,000 shares of Ridgepost Capital stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $8.27 per share, with a total value of $41,350.00. Following the completion of the purchase, the director directly owned 149,525 shares of the company’s stock, valued at approximately $1,236,571.75. This trade represents a 3.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 47,500 shares of company stock worth $392,825 over the last ninety days. 11.54% of the stock is currently owned by insiders.

Ridgepost Capital Price Performance

The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $771.83 million, a P/E ratio of 39.16 and a beta of 0.84.

Ridgepost Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Ridgepost Capital’s dividend payout ratio (DPR) is 83.33%.

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.