Guardian Wealth Management Inc. Takes Position in Ridgepost Capital, Inc $RPC

Guardian Wealth Management Inc. acquired a new position in Ridgepost Capital, Inc (NYSE:RPC) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 380,685 shares of the company’s stock, valued at approximately $2,996,000. Ridgepost Capital comprises about 1.5% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding.

Separately, Susquehanna International Group LLP acquired a new stake in shares of Ridgepost Capital in the second quarter valued at $96,000. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

Ridgepost Capital Stock Performance

NYSE:RPC opened at $8.51 on Friday. Ridgepost Capital, Inc has a 52 week low of $6.79 and a 52 week high of $12.55. The company has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.10. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95. The company has a market cap of $938.13 million, a price-to-earnings ratio of 34.04 and a beta of 0.87.

Ridgepost Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a $0.04 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.9%. Ridgepost Capital’s dividend payout ratio (DPR) is 64.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ridgepost Capital in a report on Monday, June 8th. Oppenheimer lowered their target price on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, August 27th. Wall Street Zen raised Ridgepost Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays cut their price target on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.00.

About Ridgepost Capital

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.