Ridgepost Capital, Inc (NYSE:RPC) Stock Has Consensus Target Price of $13.67

Ridgepost Capital, Inc (NYSE:RPC) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.67.

Several brokerages recently issued reports on RPC. Barclays upped their price objective on shares of Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. JPMorgan Chase & Co. increased their target price on Ridgepost Capital from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Oppenheimer dropped their price target on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Wall Street Zen raised Ridgepost Capital from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings upgraded Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th.

Ridgepost Capital Price Performance

Ridgepost Capital stock opened at $9.81 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 30.65 and a beta of 0.85. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $11.47. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.49 and a quick ratio of 2.71. The firm’s 50-day moving average is $8.38 and its two-hundred day moving average is $8.18.

Ridgepost Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 30th will be issued a $0.04 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.16 annualized dividend and a yield of 1.6%. Ridgepost Capital’s dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

In other Ridgepost Capital news, insider Andrew Rowan Nelson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $9.77, for a total transaction of $97,700.00. Following the completion of the sale, the insider directly owned 55,334 shares in the company, valued at $540,613.18. The trade was a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caz Investments LP purchased a new position in shares of Ridgepost Capital in the second quarter valued at $30,345,000. State Street Corp purchased a new position in shares of Ridgepost Capital during the 2nd quarter valued at approximately $13,556,000. Guardian Wealth Management Inc. acquired a new stake in shares of Ridgepost Capital during the second quarter worth approximately $2,996,000. Russell Investments Group Ltd. grew its position in shares of Ridgepost Capital by 21.7% during the third quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company’s stock worth $5,723,000 after buying an additional 137,445 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ridgepost Capital during the second quarter worth approximately $988,000. Institutional investors and hedge funds own 48.05% of the company’s stock.

Ridgepost Capital Company Profile

Ridgepost Capital is a special purpose acquisition company (SPAC). Its primary business is to identify and complete a merger, acquisition, share exchange, or similar transaction with an operating business. Before completing a business combination, Ridgepost Capital does not have the operating activities or products of a standalone commercial business. Its future operations would depend on the company it combines with. Reliable information identifying a target industry, geographic focus, or company leadership was not available, so these details are not included.