Ridgepost Capital, Inc (NYSE:RPC) Shareholders to Get $0.04 Quarterly Dividend

Ridgepost Capital, Inc (NYSE:RPC) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be given a dividend of $0.04 per share on Friday, December 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 30th.

Ridgepost Capital Stock Performance

NYSE:RPC traded up $0.27 during trading hours on Wednesday, reaching $9.67. 755,568 shares of the company’s stock were exchanged, compared to its average volume of 595,460. The company has a 50-day moving average of $8.25 and a 200 day moving average of $8.13. 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 firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 38.66 and a beta of 0.85. Ridgepost Capital has a 1-year low of $6.79 and a 1-year high of $11.47.

Analyst Ratings Changes

RPC has been the subject of several analyst reports. Oppenheimer cut their price target on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Barclays reduced their price objective on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Wall Street Zen downgraded shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

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.