Ridgepost Capital (NYSE:RPC) Insider Sells $97,700.00 in Stock

Ridgepost Capital, Inc (NYSE:RPC) insider Andrew Rowan Nelson sold 10,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $9.77, for a total value of $97,700.00. Following the transaction, the insider directly owned 55,334 shares of the company’s stock, valued at $540,613.18. This represents a 15.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ridgepost Capital Stock Performance

RPC opened at $9.52 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 13.64 and a beta of 0.85. The stock’s 50 day moving average price is $8.41 and its two-hundred day moving average price is $8.19. The company has a quick ratio of 2.71, a current ratio of 2.49 and a debt-to-equity ratio of 0.92. Ridgepost Capital, Inc has a 12-month low of $6.79 and a 12-month high of $11.47.

Ridgepost Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 30th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 30th. Ridgepost Capital’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RPC. Oppenheimer dropped their target price on shares of Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Ridgepost Capital from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Wall Street Zen raised shares of Ridgepost Capital from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, 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 report on Thursday, November 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RPC. State of Wyoming acquired a new stake in Ridgepost Capital during the third quarter worth $62,000. Squarepoint Ops LLC bought a new stake in Ridgepost Capital in the 2nd quarter valued at $94,000. Susquehanna International Group LLP acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at $96,000. Arizona State Retirement System acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at $127,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Ridgepost Capital during the 2nd quarter worth about $137,000. 48.05% of the stock is currently owned by institutional investors and hedge funds.

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.