Ridgepost Capital (NYSE:RPC) Cut to Hold at Wall Street Zen

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

A number of other research firms also recently issued reports on RPC. Barclays cut their target price on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Oppenheimer lowered their price target on shares of Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ridgepost Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Ridgepost Capital Price Performance

Ridgepost Capital stock opened at $8.64 on Friday. The business’s 50-day simple moving average is $8.19 and its 200 day simple moving average is $8.09. 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 stock has a market cap of $953.02 million, a price-to-earnings ratio of 11.27 and a beta of 0.89. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $11.47.

Ridgepost Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Monday, August 31st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 31st. Ridgepost Capital’s dividend payout ratio (DPR) is currently 64.00%.

Institutional Investors Weigh In On Ridgepost Capital

A number of institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new stake in Ridgepost Capital in the second quarter valued at about $94,000. Susquehanna International Group LLP bought a new position in Ridgepost Capital during the second quarter worth about $96,000. Arizona State Retirement System acquired a new position in shares of Ridgepost Capital during the 2nd quarter worth about $127,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ridgepost Capital during the 2nd quarter worth about $137,000. Finally, Caz Investments LP acquired a new position in shares of Ridgepost Capital during the 2nd quarter worth about $157,000. 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.