Director Stewart Robert B Jr bought 7,000 shares of RPC at $7.27; stock down 33.6% from 52-week high, -12.9% in 30 days.
Director Stewart Robert B Jr purchased 7,000 shares on 2026-03-31 at $7.27, increasing his holdings by 4.7% to 156,525 shares total. The purchase occurred as RPC trades -33.6% below its 52-week high of $10.58 and has declined 12.9% over the past 30 days. The company reported a P/E of 39.06 with recent quarterly revenue of $75.9M and net income of $2.1M, though annual revenue growth stands at only +0.3%. The director's prior open-market activity shows a mixed record: his 2 prior RPC purchases (on 2026-02-24 and 2026-02-19) each recorded 30-day losses of -11.4% and -12.5% respectively, and his cross-ticker track record of 2 prior buys averaged a -11.9% 30-day return. This transaction adds to an emerging pattern of purchases during recent price weakness, though the insider's timing accuracy on prior similar trades at this ticker and across holdings does not demonstrate reliable foresight.
Director Robert B Stewart Jr buys 5,000 shares of RPC at $8.27 on 2026-02-24, 11 days after listing.
Stewart, a director at Ridgepost Capital, purchased 5,000 shares at $8.27, bringing his total holdings to 149,525 shares and representing a 3.5% increase in his position. This discretionary buy occurs just 11 trading days after the company's IPO, when investors are still forming views on valuation and fundamentals. The company's financials show $75.9M in quarterly revenue with +22.6% annual growth and a P/E of 48.76, indicating a fast-growing but richly-valued profile at listing. The proximity to IPO and the current price of $8.29 (versus the transaction price of $8.27) provides limited context for assessing price timing in this recent-listing environment.
Director Stewart Robert B Jr bought 10,000 shares of RPC at $8.65 on 2026-02-19, raising holdings to 144.5K shares
Director Stewart Robert B Jr purchased 10,000 shares at $8.65, expanding his stake by 7.4% to 144.5K shares just 8 trading days after the company's IPO. The transaction occurred when the stock traded above its current $8.04 level, and Ridgepost Capital reported $75.9M in quarterly revenue with annual growth of +22.6% and profitability ($2.1M net income), though the elevated P/E of 47.29 reflects early-stage pricing dynamics. This insider buy during the initial trading window, combined with meaningful share accumulation by a board member, provides a real-time signal of management's assessment of value in the newly public security. Investors should monitor whether this purchase pattern repeats among other insiders and how it aligns with forward earnings delivery given the steep valuation multiple.
