Ridgepost Capital (NYSE:RPC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Ridgepost Capital (NYSE:RPC) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $14.00 to $15.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 54.16% from the company’s previous close.

Several other research analysts have also commented on the stock. Oppenheimer lowered their price objective on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays increased their target price on shares of Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company 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 traded down $0.05 on Thursday, hitting $9.73. The stock had a trading volume of 1,322,043 shares, compared to its average volume of 490,815. The company’s 50 day moving average price is $8.31 and its 200-day moving average price is $8.15. Ridgepost Capital has a 1 year low of $6.79 and a 1 year high of $11.47. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market capitalization of $1.07 billion, a P/E ratio of 30.41 and a beta of 0.85.

Institutional Trading of Ridgepost Capital

Several hedge funds have recently added to or reduced their stakes in the company. Caz Investments LP purchased a new stake in shares of Ridgepost Capital in the 2nd quarter valued at approximately $30,345,000. State Street Corp purchased a new stake in shares of Ridgepost Capital during the 2nd quarter worth $13,556,000. Guardian Wealth Management Inc. purchased a new stake in shares of Ridgepost Capital during the 2nd quarter worth $2,996,000. Russell Investments Group Ltd. lifted its position in shares of Ridgepost Capital by 21.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company’s stock worth $5,723,000 after purchasing an additional 137,445 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ridgepost Capital during the second quarter worth $988,000. Institutional investors and hedge funds 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.