Ridgepost Capital (NYSE:RPC) Stock Price Target Lowered at Oppenheimer

Ridgepost Capital (NYSE:RPC) had its target price cut by stock analysts at Oppenheimer from $15.00 to $14.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s price objective would indicate a potential upside of 47.20% from the company’s previous close.

RPC has been the subject of several other reports. 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. Barclays reduced their price target on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded Ridgepost Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Ridgepost Capital Trading Down 1.7%

Shares of Ridgepost Capital stock traded down $0.17 during mid-day trading on Thursday, hitting $9.51. 172,452 shares of the stock were exchanged, compared to its average volume of 593,430. Ridgepost Capital has a twelve month low of $6.79 and a twelve month high of $11.47. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 37.98 and a beta of 0.85. The company has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.13. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95.

Institutional Investors Weigh In On Ridgepost Capital

Large investors have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Ridgepost Capital in the 3rd quarter valued at approximately $62,000. Squarepoint Ops LLC bought a new position in Ridgepost Capital during the second quarter worth $94,000. Susquehanna International Group LLP acquired a new position in Ridgepost Capital in the second quarter worth $96,000. Arizona State Retirement System acquired a new position in Ridgepost Capital in the second quarter worth $127,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ridgepost Capital during the second quarter valued at $137,000. Institutional investors and hedge funds own 48.05% of the company’s stock.

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.