Ridgepost Capital (NYSE:RPC) Shares Gap Down – What’s Next?

Ridgepost Capital, Inc (NYSE:RPC)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $9.40, but opened at $8.54. Ridgepost Capital shares last traded at $9.5350, with a volume of 31,363 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on RPC shares. Barclays dropped their price target on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Wall Street Zen downgraded Ridgepost Capital from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Oppenheimer dropped their target price on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Ridgepost Capital Trading Up 4.7%

The firm has a market cap of $1.09 billion, a PE ratio of 39.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.71 and a quick ratio of 2.71. The business has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $8.13.

Institutional Trading of Ridgepost Capital

Several hedge funds and other institutional investors have recently bought and sold shares of RPC. Caz Investments LP acquired a new position in Ridgepost Capital in the second quarter valued at $30,345,000. State Street Corp purchased a new position in Ridgepost Capital during the second quarter worth about $13,556,000. Guardian Wealth Management Inc. purchased a new position in Ridgepost Capital during the second quarter worth about $2,996,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ridgepost Capital in the 2nd quarter worth about $988,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in Ridgepost Capital in the 3rd quarter worth about $196,000. 48.05% of the stock is owned by hedge funds and other institutional investors.

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.