NYSE:RPCCapital Markets
Ridgepost Capital (RDGT) Stock Rallies As Margin Pressure Clouds Fee Growth
Ridgepost Capital stock slipped into this earnings print with a modestly positive short term run, then popped another 2.3% to close at US$8.99 after the release. That move reflects relief more than euphoria. The headline this quarter is margin pressure. Quarterly earnings per share landed below the prior two quarters even as fee related earnings, the management fee engine of this asset manager, came in solid and largely recurring.
For investors the tension is clear. Ridgepost Capital is...