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Can't hold any gains...discouraging...
An afternoon push to get it back over $11 would be nice.
Revenues have been steadily increasing.
https://www.otcmarkets.com/stock/PX/financials
The market seems satisfied.
Dallas, Texas – November 10, 2022 – P10, Inc. (NYSE: PX), a leading private markets solutions provider, today reported financial results for the third quarter ended September 30, 2022.
Third Quarter 2022 Financial Highlights:
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Fee Paying Assets Under Management: $19 billion, a 17% increase year-over-year.
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Revenue: $50 million, a 31% increase year-over-year.
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GAAP Net Income: $5.6 million, a 38% increase year-over-year.
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Adjusted EBITDA: $27.8 million, a 28% increase year-over-year.
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Adjusted Net Income (ANI): $25.1 million, a 56% increase year-over-year.
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Fully diluted GAAP EPS: $.05, a 23% increase year-over-year.
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Fully diluted ANI per share: $.21, a 41% increase year-over-year.
Declaration of Dividend:
The Board of Directors of the Company has declared a quarterly cash dividend of $.03 per share of Class A and Class B common stock, payable on December 20, 2022, to the holders of record as of the close of business on November 30, 2022.
Robert Alpert, Chairman and Co-CEO, and Co-CEO Clark Webb said, “P10 continues to deliver double-digit organic growth. With best-in-class strategies that have long track records of investing through various market conditions, we remain confident in our ability to deliver attractive returns for clients and public shareholders.”
Pray for good earnings.
And down over 45% from the OTC high prior to the uplist...
New 52 week lows heading into earnings tomorrow morning. Not pretty.
It's down about 20% from the IPO price of 12.
Hang in there. I think it is still a buy and undiscovered at this point. Depends if you like private equity.
P10 Announces Agreement to Acquire Western Technology Investment, Market Leader in Venture Debt
https://ir.p10industries.com/news-releases/news-release-details/p10-announces-agreement-acquire-western-technology-investment
It is. They did a .7:1 split last October when they uplisted. But...the closing price on the last trading day as PIOE was around $11. That should have equated to $15.70 post-split. But they did an offering at $12 and converted all the old PIOE shares to Class B so they weren't tradable. Had to call the brokerage to get them converted to Class A. Stock is actually lower after uplisting. Would have been much better off to sell all my shares on the last day of PIOE trading...
Weirdest uplist I've ever seen...
Is this really the old PIOE ticker that was on the OTCs a couple years ago? I can't believe I stumbled on this stock when I did. Did they reverse split to get on NYSE? Too bad I wasn't a buyer!!!
Maybe the move above $12 can be attributed to the news. A move in advance of expected good earnings. And that it stayed above $13 is a good sign.
Is my optimism showing?
Billy Mumphrie.
Apparently not much. May close in the 12's today...
Quarterly is out. Looks good to me.
But we'll have to see what the market thinks of it.
Lol...good point!
That's stubbornness, not patience.
You still got 5 years more patience than me! lol
Well, I strand corrected.
And with envy.
I guess patience is relative! Bought my first tranche in January of 2017...10k shares at 23 cents..lol.
And then averaged up.
Yeah, you're right. You have no patience.
On the other hand, I've been with this since 2012.
Of course, it was a different company back then. And had a loss until recently.
Yeah...8 months ago! And then promptly went down to 10.50....
Remember, though, it's already been that high.
Don't know if I have that much patience!
Congrats. Hopefully, you can sell another 10% at $15, or so.
Sold 10% of my holdings at 13.25
Crazy, right?
I wonder if those two huge trades didn't give some confidence to retail. There have been a slew of 100 share trades since. That's what's driving the share price up.
Your $11.39s are finally looking good.
Interesting trading today...spiked at open 13.10 then dropped to 12.50...and back up to 13.30 now!
50,000 shares at $12.61
68,404 shares at $12.58
Both between the B/A spread.
Huh.
Press release on earnings.
https://www.otcmarkets.com/stock/PX/news/story?e&id=2293080
Q2 not much different than Q1.
https://www.otcmarkets.com/otcapi/company/financial-report/295723/content
P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its second quarter 2022 results on Thursday, August 11, 2022 after U.S. markets close.
Hoping we've turned a corner (bottomed) and the chart is now starting an uptrend. Earnings out next week.
Nice week. Close at $12.06.
Now, we just have to stay above $12.
RCPDirect IV Exceeds Target Fund Size, Closing $645.4 Million in Aggregate Capital Commitments
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, announced the final closing of RCPDirect IV (the “Fund”). The Fund was oversubscribed, with approximately $645.4 million in aggregate commitments, exceeding its target of $500 million. The Fund has a broad LP base of both new and existing investors, including endowments, foundations, public pension plans, family offices, and high-net-worth individuals.
“We are grateful for the support from our global limited partner base. The recent closes of our fund-of-funds and secondary fund, as well as our continued deployment of our fourth direct co-investment fund, allows RCP Advisors to remain a comprehensive partner to both GPs and LPs within the lower middle market buyout space,” said Jon Soffer, Principal and Co-Portfolio Manager at RCP Advisors.
“The continued support despite the challenging macro conditions highlights our LPs’ faith in the lower middle market and our ability to find tremendous GPs to partner with who can identify and execute on initiatives that improve their portfolio companies regardless of market conditions. We are fortunate to be able to leverage our network and twenty-year history to work with such great partners,” said Dave McCoy, Managing Partner and Co-Portfolio Manager at RCP Advisors.
RCPDirect IV represents a continuation of the same investment strategy employed by RCP’s previous co-investment funds. The Fund will generally partner with lead buyout fund managers who raise funds between $100 million and $1 billion in committed capital and will make minority equity investments between $5 million and $30 million in lower middle market companies – typically, with $25 million to $500 million in enterprise value.
I was wondering who Dauten was...nice find.
That is weird...Keystone dumped all their share and the company's founder bought them???
This is weird. See todays' 13G filing for Kent P Dauten?
https://www.bloomberg.com/profile/person/1429525
https://ir.p10industries.com/node/16236/html
So a lot of the volume since the first of the year must have been from Keystone selling, since the 13G report for Dec 31 showed they owned 8,920,177 shares.
https://www.otcmarkets.com/filing/html?id=15803312&guid=phnwkprnscwfJth
If the selling pressure is now gone maybe the stock will recover.
But they couldn't sell the B shares...must have converted them I'd guess...
Be interesting to see the share structure when the next quarterly report comes out...
Close to it. 8,920,177 to be exact.
But those were B shares they held.
Keystone Capital XXX is the direct beneficial holder of 8,920,177 shares of Class B Common Stock.
The holders of Class B Common Stock may elect to convert on a one-for-one basis into Class A Common Stock at any time
https://www.otcmarkets.com/filing/html?id=15803312&guid=ZYnwkWAqNv9pJth
That may have been the selling that drove the price down. I think they had around 9 million shares...
Is this a reaction to the news that Keystone Capital no longer holds shares?
Better today...closed at 11.26
Nice afternoon surge. Maybe my wish will come true and it'll break out above $12.
Yeah...a bit disappointing that it's so far under the offer price...and significantly lower then the last day it traded on the OTC. Had high hopes for the uplisting but it was a bust...
Better today...closed at 11.26...
Sure hope we break this 6 month chart pattern. It's not been a good 2022 thus far.
Probably not.
Bu I'd like to see a steady climb to new highs starting tomorrow.
Gotta make your last buy good.
So $20 per share tomorrow??? lolol
Dallas, Texas – May 12, 2022 – P10, Inc. (NYSE: PX), a leading private markets solutions provider, today reported financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial Highlights:
Fee Paying Assets Under Management: $17.6 billion, a 34% increase year-over-year.
Revenue: $43.3 million, a 32% increase year-over-year.
GAAP Net Income: $7.8 million, a 188% increase year-over-year.
Adjusted EBITDA: $22.5 million, a 31% increase year-over-year.
Adjusted Net Income: $22.3 million, an 84% increase year-over-year.
Fully diluted GAAP EPS: $.06, a 160% increase year-over-year.
Fully diluted ANI per share: $.18, a 65% increase year-over-year.
Declaration of Dividend
The Board of Directors of the Company has declared a quarterly cash dividend of $0.03 per share of Class A and Class B common stock, payable on June 20, 2022, to the holders of record as of the close of business on May 31, 2022.
Approval of Stock Buyback
The Company announced that its Board of Directors has authorized a stock buyback program pursuant to which P10 may purchase up to $20 million of P10’s outstanding shares of Class A and Class B Common Stock, par value $0.001 per share. P10 intends to fund the program through available cash balances and future operating cash flows. These shares may be repurchased from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, in accordance with Rule 10b5-1 trading plans and/or through other legally permissible means. The timing and amount of any repurchases pursuant to the program will depend on various factors including, the market price of its Class A Common Stock, trading volume, ongoing assessment of P10’s working capital needs, general market conditions, and other factors. The buyback program does not obligate P10 to acquire any particular amount of common stock and it may be terminated or amended by the Board of Directors at any time.
Robert Alpert, Chairman and Co-CEO, and Co-CEO Clark Webb said, “In the first quarter, we performed well against our budget and demonstrated the unique qualities of our business model. Our revenues are primarily composed of management fees on long-term, locked-up capital while carry stays with the investment teams. The result is a more predictable model that benefits from multiple vintages and a diversified set of investment solutions. The announcement of a regular cash dividend and a stock repurchase program reflects the beauty of our business model, with strong cash flow and nearly infinite returns on capital. We are well positioned for continued growth.”
Some interesting stuff in the 8-k...
Good financial quarter (on first glance anyway)...
$.03 per share dividend...
Stock buyback...
Interesting to see what tomorrow brings...
http://ir.p10industries.com/node/16201/html
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