As earnings season continues, one ASX 300 stock that is drawing significant broker attention is Regal Partners Ltd (ASX: RPL).
Regal Partners provides investment management services. It offers access to a diverse range of strategies covering hedge funds, private markets and real assets.
Over the last 12 months, it has experienced some volatility, and is down 3% in that span.
However, following the release of full-year results, the team at Morgans have an improved outlook on the ASX 300 stock moving forward.
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What did this ASX 300 stock report?
In strong news out of the company, Regal Partners reported normalised NPAT of $93.3 million for the half, more than doubling the previous year. Funds under management rose to $21.4 billion, supported by record net inflows.
Other results included:
- Normalised fully diluted earnings per share of 21.4 cents, up 104%
- Fully franked interim dividend of 12 cents per share declared for 1H26
- Balance sheet with approximately $290 million in capital post-dividend.
The stock price has climbed more than 6% since Monday when these results were announced.
The team at Morgans believe this is a sign of what's to come over the next 12 months.
What did Morgans have to say?
The team at Morgans said this ASX 300 stock has delivered another solid result.
It was moderately above prior guidance (NPAT of "at least $90m" in July-26), resulting in Normalised NPAT increasing 108% (vs pcp) to $93.3m, supported by performance fees which increased 180% (vs pcp) to $119m.
Importantly, the largely recurring management fees increased 14% (vs pcp), while the business trades on <10x PER. Phil King's intended retirement is likely to continue weighing on the market, something we believe investors will overcome as the deep bench gains in profile (and presumably performance persists). On this basis, we retain our Buy recommendation with a $4.25/sh price target (previously $4.00).
Based on this updated price target, the broker sees approximately 50% upside from current levels.
Elsewhere, Bell Potter has retained its buy rating and $4.80 price target on the company, suggesting 70% upside.
Don't forget the dividend
If 50% upside isn't enough, this ASX 300 stock also offers a very attractive dividend yield.
Bell Potter is forecasting fully franked dividends per share of 19 cents in FY 2026, 20 cents in FY 2027, and then 22 cents in FY 2028.
This represents yields of 6.7%, 7.1%, and 7.8%, respectively.
