Ridgepost Capital (NYSE:RPC) Insider Andrew Rowan Nelson Sells 10,000 Shares of Company Stock

Ridgepost Capital, Inc (NYSE:RPC) insider Andrew Rowan Nelson sold 10,000 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $9.77, for a total value of $97,700.00. Following the sale, the insider owned 55,334 shares of the company’s stock, valued at approximately $540,613.18. This represents a 15.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ridgepost Capital Stock Down 1.1%

NYSE RPC traded down $0.11 during midday trading on Tuesday, hitting $9.85. 417,710 shares of the company traded hands, compared to its average volume of 601,372. 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 company has a market cap of $1.09 billion, a PE ratio of 30.77 and a beta of 0.85. The company’s 50-day simple moving average is $8.33 and its 200-day simple moving average is $8.16. Ridgepost Capital, Inc has a 52 week low of $6.79 and a 52 week high of $11.47.

Ridgepost Capital Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ridgepost Capital from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer decreased their price objective on Ridgepost Capital from $15.00 to $14.00 and set an “outperform” rating for the company in a 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 company an “overweight” rating in a research report on Thursday, November 5th. Barclays upped their price target on Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, Weiss Ratings raised Ridgepost Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ridgepost Capital has a consensus rating of “Moderate Buy” and a consensus price target of $13.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RPC. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Ridgepost Capital by 1.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,100 shares of the company’s stock valued at $944,000 after buying an additional 1,600 shares during the last quarter. Guardian Wealth Management Inc. grew its stake in Ridgepost Capital by 1.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 384,799 shares of the company’s stock valued at $2,859,000 after acquiring an additional 4,114 shares in the last quarter. State of Wyoming purchased a new stake in Ridgepost Capital during the 3rd quarter valued at about $62,000. Squarepoint Ops LLC acquired a new stake in Ridgepost Capital in the 2nd quarter valued at about $94,000. Finally, Susquehanna International Group LLP acquired a new stake in Ridgepost Capital in the 2nd quarter valued at about $96,000. 48.05% of the stock is 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.