Oppenheimer Issues Pessimistic Forecast for Ridgepost Capital (NYSE:RPC) Stock Price

Ridgepost Capital (NYSE:RPC) had its price objective reduced by stock analysts at Oppenheimer from $15.00 to $14.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s target price would suggest a potential upside of 43.88% from the stock’s previous close.

A number of other brokerages have also recently commented on RPC. Barclays lowered their target price on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a 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 note on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Ridgepost Capital Trading Down 0.5%

Shares of NYSE RPC traded down $0.05 during trading on Thursday, reaching $9.73. The stock had a trading volume of 1,322,043 shares, compared to its average volume of 490,815. Ridgepost Capital has a fifty-two week low of $6.79 and a fifty-two week high of $11.47. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.71 and a current ratio of 2.71. The business’s 50-day moving average price is $8.31 and its 200-day moving average price is $8.15. The company has a market cap of $1.07 billion, a P/E ratio of 30.41 and a beta of 0.85.

Institutional Trading of Ridgepost Capital

A number of large investors have recently made changes to their positions in RPC. Russell Investments Group Ltd. grew its holdings in Ridgepost Capital by 21.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 770,308 shares of the company’s stock worth $5,723,000 after acquiring an additional 137,445 shares in the last quarter. Guardian Wealth Management Inc. raised its holdings in shares of Ridgepost Capital by 1.1% in the 3rd quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock valued at $2,859,000 after purchasing an additional 4,114 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Ridgepost Capital in the 3rd quarter valued at $196,000. State of Wyoming purchased a new stake in shares of Ridgepost Capital during the 3rd quarter worth $62,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Ridgepost Capital by 1.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,100 shares of the company’s stock worth $944,000 after purchasing an additional 1,600 shares during the last quarter. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

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.