Ridgepost Capital (NYSE:RPC) Shares Gap Down – What’s Next?

Shares of Ridgepost Capital, Inc (NYSE:RPC) gapped down prior to trading on Wednesday. The stock had previously closed at $9.40, but opened at $8.54. Ridgepost Capital shares last traded at $9.5350, with a volume of 31,363 shares.

Wall Street Analyst Weigh In

RPC has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings raised shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Ridgepost Capital from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays upped their target price on shares of Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Oppenheimer cut their target price on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to 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 1.0%

The company has a market capitalization of $1.07 billion, a PE ratio of 30.14 and a beta of 0.85. 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 stock has a fifty day moving average of $8.29 and a two-hundred day moving average of $8.14.

Ridgepost Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 30th will be given a $0.04 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.7%. Ridgepost Capital’s payout ratio is presently 50.00%.

Institutional Trading of Ridgepost Capital

Several large investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Ridgepost Capital by 1.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,100 shares of the company’s stock valued at $944,000 after purchasing an additional 1,600 shares during the last quarter. Guardian Wealth Management Inc. increased its stake in Ridgepost Capital by 1.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock valued at $2,859,000 after purchasing an additional 4,114 shares in the last quarter. State of Wyoming purchased a new position in Ridgepost Capital in the third quarter worth about $62,000. Squarepoint Ops LLC purchased a new position in Ridgepost Capital in the second quarter worth about $94,000. Finally, Susquehanna International Group LLP purchased a new position in Ridgepost Capital in the second quarter worth about $96,000. 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.