Wall Street Zen Upgrades Ridgepost Capital (NYSE:RPC) to Buy

Ridgepost Capital (NYSE:RPC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other analysts have also commented on RPC. Barclays lifted their price objective on Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer lowered their price objective on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday. 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, JPMorgan Chase & Co. boosted their price objective on Ridgepost Capital from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ridgepost Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Ridgepost Capital Stock Performance

Shares of RPC stock opened at $9.73 on Friday. Ridgepost Capital has a 52 week low of $6.79 and a 52 week high of $11.47. The firm has a market capitalization of $1.07 billion, a PE ratio of 12.48 and a beta of 0.85. The company has a 50 day moving average price of $8.31 and a 200-day moving average price of $8.15. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Caz Investments LP acquired a new position in Ridgepost Capital in the second quarter valued at about $30,345,000. State Street Corp purchased a new stake in Ridgepost Capital during the 2nd quarter valued at about $13,556,000. Guardian Wealth Management Inc. purchased a new position in shares of Ridgepost Capital during the second quarter valued at about $2,996,000. Russell Investments Group Ltd. raised its holdings in Ridgepost Capital by 21.7% in the third quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company’s stock worth $5,723,000 after purchasing an additional 137,445 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ridgepost Capital in the 2nd quarter worth about $988,000. Hedge funds and other institutional investors 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.