Ridgepost Capital (NYSE:RPC) Trading Up 6.7% on Insider Buying Activity

Shares of Ridgepost Capital, Inc (NYSE:RPC) traded up 6.7% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as $7.77 and last traded at $7.81. 67,454 shares were traded during mid-day trading, a decline of 91% from the average session volume of 728,483 shares. The stock had previously closed at $7.32.

Specifically, insider Charles K. Huebner Trust acquired 12,500 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $7.31 per share, with a total value of $91,375.00. Following the completion of the purchase, the insider directly owned 188,554 shares in the company, valued at $1,378,329.74. This trade represents a 7.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles K. Huebner Trust bought 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $8.68 per share, for a total transaction of $173,600.00. Following the acquisition, the insider directly owned 176,054 shares of the company’s stock, valued at approximately $1,528,148.72. This represents a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Analysts Set New Price Targets

RPC has been the subject of several recent research reports. Zacks Research upgraded Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings began coverage on Ridgepost Capital in a research note on Thursday, February 12th. They set a “hold (c)” rating on the stock. Finally, Barclays cut their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Ridgepost Capital has a consensus rating of “Buy” and a consensus price target of $11.00.

Ridgepost Capital Stock Performance

The firm has a market cap of $850.93 million, a price-to-earnings ratio of 42.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 2.27.

Ridgepost Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, February 27th. Ridgepost Capital’s dividend payout ratio is 83.33%.

Ridgepost Capital Company Profile

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.