Ridgepost Capital (NYSE:RPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ridgepost Capital (NYSE:RPC) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Barclays boosted their price objective on shares of Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. 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. raised their target price on shares of Ridgepost Capital from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Finally, Oppenheimer reduced their price target on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Ridgepost Capital presently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Ridgepost Capital Stock Performance

NYSE RPC opened at $9.92 on Friday. 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 firm’s fifty day moving average price is $8.33 and its two-hundred day moving average price is $8.16. Ridgepost Capital has a 1 year low of $6.79 and a 1 year high of $11.47. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.44 and a beta of 0.85.

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 paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 30th. Ridgepost Capital’s dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Ridgepost Capital

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in Ridgepost Capital during the third quarter worth $62,000. Squarepoint Ops LLC bought a new position in shares of Ridgepost Capital in the second quarter valued at about $94,000. Susquehanna International Group LLP bought a new position in shares of Ridgepost Capital in the second quarter valued at about $96,000. Arizona State Retirement System bought a new position in shares of Ridgepost Capital in the second quarter valued at about $127,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ridgepost Capital during the 2nd quarter worth about $137,000. 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.