P10 Inc - (PX) Declares $0.03 Dividend
P10 Inc - said on May 15, 2023 that its board of directors declared a regular quarterly dividend of $0.03 per share ($0.13 annualized). Previously, the company paid $0.03 per share.
Shares must be purchased before the ex-div date of May 26, 2023 to qualify for the dividend. Shareholders of record as of May 30, 2023 will receive the payment on June 20, 2023.
At the current share price of $10.76 / share, the stock's dividend yield is 1.21%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.83%, the lowest has been 0.07%, and the highest has been 1.30%. The standard deviation of yields is 0.43 (n=94).
The current dividend yield is 0.89 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.63. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 136 funds or institutions reporting positions in P10 Inc -. This is an increase of 14 owner(s) or 11.48% in the last quarter. Average portfolio weight of all funds dedicated to PX is 0.31%, an increase of 32.27%. Total shares owned by institutions decreased in the last three months by 0.65% to 32,447K shares. 
The put/call ratio of PX is 0.97, indicating a bullish outlook.
Analyst Price Forecast Suggests 35.08% Upside
As of May 11, 2023, the average one-year price target for P10 Inc - is 14.54. The forecasts range from a low of 12.12 to a high of $17.85. The average price target represents an increase of 35.08% from its latest reported closing price of 10.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for P10 Inc - is 244MM, an increase of 14.84%. The projected annual non-GAAP EPS is 1.00.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 4,426K shares representing 3.82% ownership of the company. In it's prior filing, the firm reported owning 4,461K shares, representing a decrease of 0.80%. The firm decreased its portfolio allocation in PX by 12.17% over the last quarter.
FKASX - Federated Kaufmann Small Cap Fund Shares holds 3,182K shares representing 2.74% ownership of the company. No change in the last quarter.
Federated Hermes holds 3,182K shares representing 2.74% ownership of the company. No change in the last quarter.
Alliancebernstein holds 2,605K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 2,769K shares, representing a decrease of 6.27%. The firm decreased its portfolio allocation in PX by 28.16% over the last quarter.
Conversant Capital holds 2,460K shares representing 2.12% ownership of the company. No change in the last quarter.
P10 Background Information
(This description is provided by the company.)
P10 is a niche-oriented private markets investment firm located in Dallas, Texas. The firm believes the combination of RCP Advisors, Bonaccord Capital Partners, TrueBridge Capital Partners, Five Points Capital, Hark Capital, and Enhanced Capital creates the best-in-class franchise in private equity, venture capital, private credit, and impact investing, offering a comprehensive suite of niche-oriented, market leading private markets products and services to its underlying fund sponsors and limited partners around the globe.
Key filings for this company:
This story originally appeared on Fintel.