Ridgepost Capital (NYSE:RPC) Stock Price Expected to Rise, Barclays Analyst Says

Ridgepost Capital (NYSE:RPC) had its price target upped by stock analysts at Barclays from $11.00 to $12.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 24.99% from the company’s current price.

Other research analysts also recently issued reports about the company. Oppenheimer reduced their price objective on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings raised shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Ridgepost Capital Trading Down 0.8%

RPC stock traded down $0.08 during midday trading on Thursday, reaching $9.60. 218,635 shares of the company traded hands, compared to its average volume of 593,668. Ridgepost Capital 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 0.95, a quick ratio of 2.71 and a current ratio of 2.71. The business has a 50 day moving average of $8.27 and a 200-day moving average of $8.13. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 38.32 and a beta of 0.85.

Hedge Funds Weigh In On Ridgepost Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of 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 acquiring an additional 1,600 shares in the last quarter. Guardian Wealth Management Inc. boosted its stake in shares of Ridgepost Capital by 1.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock worth $2,859,000 after acquiring an additional 4,114 shares in the last quarter. State of Wyoming bought a new position in shares of Ridgepost Capital in the third quarter worth about $62,000. Squarepoint Ops LLC acquired a new stake in shares of Ridgepost Capital during the 2nd quarter worth approximately $94,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Ridgepost Capital during the second quarter worth $96,000. 48.05% of the stock is owned by institutional investors and hedge funds.

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.