P10 Inc Stock Price, News & Analysis

P10, Inc. (NYSE: PX) is celebrating its one-year anniversary of being publicly listed on the New York Stock Exchange. On December 5, 2022, leadership will ring the Opening Bell, marking a milestone for the company.

P10 is a prominent provider of private market solutions, serving a global investor base of over 3,000 clients across 54 countries. The company emphasizes its commitment to delivering unique investment services.

To safeguard tax benefits related to net operating losses, P10 has restrictions on share ownership, preventing new shareholders from acquiring over 4.99% of the company.

P10, Inc. (NYSE: PX) announced impressive financial results for Q3 2022, showcasing a 31% year-over-year revenue increase totaling $50 million and a 17% rise in fee-paying assets under management, reaching $19 billion. The company's GAAP net income rose by 38% to $5.6 million, while adjusted net income surged 56% to $25.1 million. A quarterly cash dividend of $0.03 per share is scheduled for December 20, 2022. Management remains optimistic about future growth, emphasizing their strong investment strategies.

P10, Inc. (NYSE: PX) will announce its third quarter 2022 results on November 10, 2022, before 8:30 a.m. ET. The company will host a conference call at the same time, accessible via telephone or online. P10 provides multi-asset class private market solutions, with a global investor base exceeding 2,700 across 49 states and 53 countries as of June 30, 2022. Their offerings target diverse investment needs within private markets. The company also has specific ownership limitations to protect tax benefits related to net operating losses.

P10, Inc. (NYSE: PX) will release its Q3 2022 earnings on November 10, 2022, post-market closure. The company will also host a conference call at 5:00 p.m. ET on the same date. Interested parties can join the call using the provided access codes. P10 offers multi-asset class private market solutions and serves over 2,700 investors globally, including major pension funds and financial institutions. For more details, visit the investor relations page on their website.

P10, Inc. (NYSE: PX) has successfully acquired Westech Investment Advisors LLC for a total purchase price of $97 million in cash and 3,916,666 membership units. This acquisition is anticipated to contribute over $12.5 million in Adjusted EBITDA in its first full year. P10 expects to launch WTI’s next flagship fund in 2024, potentially enhancing management fee revenues. P10 aims to extend its private markets solutions and capitalizes on WTI’s 40-year experience in venture debt, further diversifying its investment solutions.

P10, Inc. (NYSE: PX) announced the acquisition of Westech Investment Advisors LLC for $97 million in cash and 3.9 million membership units. WTI, a leader in venture debt, has deployed $7.8 billion since 1980. The acquisition is expected to add over $12.5 million in Adjusted EBITDA in the first year and enhance P10's average fee rate. The deal anticipates additional earnouts of $70 million based on EBITDA growth and aims to bolster P10’s long-term growth strategy. Closing is expected in Q4 2022, subject to standard conditions.

P10, Inc. (NYSE: PX) reported significant financial growth for Q2 2022, marking a 38% increase in revenue year-over-year, totaling $46.7 million. Furthermore, the company saw a 30% rise in Fee Paying Assets Under Management to $18.5 billion. The GAAP net income surged by 351% to $11.2 million, and fully diluted GAAP EPS increased by 310% to $0.09. P10 also declared a quarterly cash dividend of $0.03 per share, payable on September 20, 2022, to shareholders as of August 29, 2022.

P10, a prominent player in private markets solutions, will announce its second quarter 2022 financial results on August 11, 2022, after U.S. markets close. A conference call is scheduled for the same date at 5:00 p.m. ET, accessible via telephone. The company boasts a global investor base exceeding 2,500 across 49 states and 53 countries as of March 31, 2022. Notably, P10 has provisions in its Certificate of Incorporation to protect tax benefits related to net operating losses, which could limit shareholder transactions that create new 4.99% shareholders.

Crossroads Impact Corp (OTCQX: CRSS) has announced a strategic partnership with Enhanced Capital Group and Conversant Capital, securing $180 million in equity capital at $10.76 per share, with an additional potential of $310 million. The company is finalizing a $150 million debt facility with Texas Capital Bank, enhancing its capital for impact investments focused on underserved communities. This collaboration aims to boost Crossroads' lending capacity in climate finance, real estate, and small business sectors, while positioning it for a possible up-listing to a national exchange.