Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: P10, Inc. (PX) - P10, Inc. currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - PX shares have increased by 5.35% over the past week, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 3.56% [5] - Over the last quarter, PX shares have surged by 19.56%, and over the past year, they have gained 46.83%, while the S&P 500 has only increased by 4.32% and 27.01%, respectively [6] - The average 20-day trading volume for PX is 513,160 shares, indicating a bullish trend with above-average volume [7] Earnings Outlook - In the past two months, two earnings estimates for PX have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $0.89 to $0.94 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions, reflecting a positive earnings outlook [9] Conclusion - Given the strong performance metrics and positive earnings outlook, P10, Inc. is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [10]

DALLAS, Jan. 22, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its fourth quarter and full year 2024 results on Wednesday, February 12, 2025, before U.S. markets open. The company will also host a conference call at 8:30 a.m. Eastern Time on the same day. The webcast may be accessed here. All participants joining by telephone should register here for personal dial-in and PIN numbers. For those unable to participate in the live ca ...

Investors might want to bet on P10, Inc. (PX) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investo ...

DALLAS, Jan. 08, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE:PX), ("P10" or the "Company"), a leading private markets solutions provider, today announced that its strategy, Bonaccord Capital Partners ("Bonaccord"), a private equity business focused on providing growth capital and strategic support to middle-market private markets sponsors, closed on its second GP Stakes fund, Bonaccord Capital Partners II ("BCP II" or the "Fund"), with $1.6 billion in total commitments. The Fund closed at its revised hard cap ...

CHICAGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, is pleased to share that it was recognized in the 2024 Best Places to Work in Money Management awards announced by Pensions & Investments. The 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry. "We are ...

CHICAGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, is pleased to share that it was recognized in the 2024 Best Places to Work in Money Management awards announced by Pensions & Investments. The 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry. “We are ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

DALLAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), a leading private markets solutions provider, today announced the appointment of Mike Goodwin as Chief Information Officer, effective December 2, 2024. Mr. Goodwin will lead the Company’s data, technology, and infrastructure function, providing strategic leadership across the P10 platform. “As Chief Information Officer, Mike Goodwin will add critical expertise to our deep, seasoned team,” said Luke Sarsfield, P10 Chair ...

Pelangio Exploration Inc. to Attend the 2024 Precious Metals Summit ZurichNovember 10, 2024 9:40 AM EST | Source: Pelangio Exploration Inc.Toronto, Ontario--(Newsfile Corp. - November 10, 2024) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company) is pleased to announce that the company will attend the upcoming 2024 Precious Metals Summit in Zurich, taking place from November 14th to November 15, 2024. This exclusive event gathers top-tier investors, analysts, a ...

Asset Management - As of September 30, 2024, the Company managed $13.4 billion of Fee-Paying Assets Under Management (FPAUM) in Private Equity Solutions[165] - Venture Capital Solutions managed $6.4 billion of FPAUM as of September 30, 2024, with a focus on high-performing, access-constrained opportunities[166] - Private Credit Solutions managed approximately $5.1 billion of FPAUM as of September 30, 2024, targeting lower middle market companies[166] - Primary Investment Funds comprise approximately $13.7 billion of FPAUM as of September 30, 2024, focusing on long-term, fixed fee management contracts[168] - Direct and Co-Investment Funds account for approximately $9.6 billion of FPAUM as of September 30, 2024, with fees typically based on committed capital[169] - Secondary Funds comprise approximately $1.6 billion of FPAUM as of September 30, 2024, involving investments in existing private markets funds[169] - FPAUM increased by $1.1 million to $24.9 million for the three months ended September 30, 2024, and by $1.7 billion, or 7.2%, for the nine months ended September 30, 2024[210] Financial Performance - Total revenues for the nine months ended September 30, 2024, were $211,434,000, up 18% from $178,667,000 in the same period of 2023[185] - Total revenue for the three months ended September 30, 2024 increased by $15.3 million, or 26%, to $73.8 million compared to the same period in 2023, driven by organic FPAUM growth across multiple segments[186] - Total revenue for the three months ended September 30, 2024, were $74.2 million, compared to $58.9 million for the same period in 2023, representing a year-over-year increase of 26%[216] - Adjusted EBITDA for the three months ended September 30, 2024, was $35.3 million, up from $29.6 million in the same period of 2023, reflecting a 19% increase[216] - Total revenue for the nine months ended September 30, 2024 increased by $32.8 million, or 18%, to $215.5 million compared to the same period in 2023, primarily due to organic FPAUM growth[189] Expenses and Costs - Operating expenses increased to $173,670,000 for the nine months ended September 30, 2024, compared to $163,089,000 in 2023, reflecting a 6% rise[185] - Professional fees surged by 62% to $16,472,000 for the nine months ended September 30, 2024, compared to $10,191,000 in 2023[185] - Total operating expenses for the three months ended September 30, 2024 increased by $6.9 million, or 12%, to $65.4 million, mainly due to higher professional fees and general administrative expenses[193] - Professional fees surged by $5.8 million, or 173%, to $9.2 million for the three months ended September 30, 2024, driven by legal fees associated with debt refinancing and management transitions[195] - Compensation and benefits expenses rose to $115,893,000 for the nine months ended September 30, 2024, a 2% increase from $114,128,000 in 2023[185] Stock and Shareholder Actions - The Board approved a stock repurchase program totaling $40 million in 2022, with an additional $40 million authorized in February 2024 and $12 million in August 2024, totaling $78.1 million spent as of September 30, 2024[167] Growth and Market Outlook - The Company anticipates continued growth driven by increasing demand for private market solutions and favorable lower market dynamics[172] - The company anticipates that the demand for asset class diversification will rise as investors increase allocations to private markets investments[174] - The company aims to expand its investor presence into international markets, which could be a significant growth driver[174] - The company expects to continue expanding fundraising efforts and grow FPAUM with the launch of new specialized investment vehicles and asset class solutions[210] Compliance and Regulatory Environment - The SEC's new compliance requirements are expected to increase compliance costs and restrict certain business activities, impacting profitability[174] - As of September 30, 2024, the company was in compliance with all financial covenants required under its credit facility[222] Cash Flow and Liquidity - Net cash provided by operating activities increased by $27.5 million, or 60%, to $73.3 million for the nine months ended September 30, 2024 compared to the same period in 2023[225] - Cash used in investing activities rose by $2.6 million, or 362%, to $3.4 million for the nine months ended September 30, 2024, primarily due to purchases of leasehold improvements[226] - Cash used in financing activities decreased by $13.7 million, or 26%, to $38.7 million for the nine months ended September 30, 2024, driven by cash provided from debt refinancing[227] - The increase in cash, cash equivalents, and restricted cash was $31.2 million for the nine months ended September 30, 2024, compared to a decrease of $7.3 million in the same period in 2023, representing a change of $38.5 million or 529%[224] - The company expects to continue meeting its liquidity and capital requirements through cash flows from operating activities, existing cash, and external financing activities[228] Debt and Interest - Debt obligations rose to $319.4 million as of September 30, 2024, an increase of 10% from $289.8 million as of December 31, 2023[217] - The new senior secured revolving credit facility amounts to $175 million, with a new senior secured loan facility of $325 million established in August 2024[219] - The company incurred $17.5 million in interest expense for the nine months ended September 30, 2024[222] - The annual interest rate on the Term Loan is based on SOFR, with a floor of 0.10% plus 2.50%, resulting in an effective interest rate of 2.6% + SOFR as of September 30, 2024[250] - A 100-basis point increase in interest rates is estimated to increase interest expenses by approximately $3.2 million over the next 12 months[250] Market Risks - The company is exposed to various market risks, including price risk and interest-rate risk, which may impact its financial performance[247] - The company is exposed to credit risk due to reliance on counterparties to meet the terms of financial agreements[251] - The company aims to minimize exposure to credit risk by limiting transactions to reputable financial institutions[251] - Uncertainty in financing availability from financial institutions may arise due to market events, potentially impacting access to financing markets[251]