Ridgepost Capital, Inc (NYSE:RPC) Shares Will Pay Quarterly Dividend of $0.04

Ridgepost Capital, Inc (NYSE:RPC) declared a quarterly dividend on Wednesday, November 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 30th.

Ridgepost Capital Stock Up 2.8%

NYSE:RPC traded up $0.27 during trading hours on Wednesday, hitting $9.67. The stock had a trading volume of 755,568 shares, compared to its average volume of 595,460. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95. Ridgepost Capital has a 1-year low of $6.79 and a 1-year high of $11.47. The business has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $8.13. The company has a market cap of $1.07 billion, a PE ratio of 38.66 and a beta of 0.85.

Wall Street Analysts Forecast Growth

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

Ridgepost Capital Company Profile

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.