Oppenheimer Has Lowered Expectations for Ridgepost Capital (NYSE:RPC) Stock Price

Ridgepost Capital (NYSE:RPC) had its price objective dropped by equities researchers 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 indicate a potential upside of 47.20% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Ridgepost Capital from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Barclays cut their price target on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ridgepost Capital has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Ridgepost Capital Stock Performance

RPC traded down $0.17 during trading hours on Thursday, hitting $9.51. The company’s stock had a trading volume of 172,452 shares, compared to its average volume of 593,430. The company has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.13. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $1.05 billion, a PE ratio of 37.98 and a beta of 0.85. Ridgepost Capital has a fifty-two week low of $6.79 and a fifty-two week high of $11.47.

Institutional Investors Weigh In On Ridgepost Capital

A number of institutional investors have recently bought and sold shares of RPC. Caz Investments LP acquired a new position in shares of Ridgepost Capital in the 2nd quarter valued at about $30,345,000. State Street Corp purchased a new stake in shares of Ridgepost Capital in the second quarter worth approximately $13,556,000. Guardian Wealth Management Inc. boosted its holdings in shares of Ridgepost Capital by 1.1% during the third quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock worth $2,859,000 after purchasing an additional 4,114 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Ridgepost Capital by 1.3% during the third 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 period. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Ridgepost Capital during the third quarter worth approximately $196,000. 48.05% of the stock is currently owned by institutional investors and hedge funds.

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.