RCI Hospitality Holdings, Inc. $RICK Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 49.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,901 shares of the restaurant operator’s stock after selling 5,693 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in RCI Hospitality were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. AlphaQuest LLC boosted its position in RCI Hospitality by 607.2% during the second quarter. AlphaQuest LLC now owns 9,462 shares of the restaurant operator’s stock worth $361,000 after acquiring an additional 8,124 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of RCI Hospitality by 12.8% during the 1st quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 2,934 shares during the last quarter. State of Wyoming acquired a new position in shares of RCI Hospitality during the 1st quarter worth approximately $92,000. Finally, American Century Companies Inc. grew its position in shares of RCI Hospitality by 52.4% in the first quarter. American Century Companies Inc. now owns 159,956 shares of the restaurant operator’s stock valued at $6,869,000 after purchasing an additional 55,026 shares in the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $24.63 on Thursday. The company’s 50-day moving average is $26.61 and its two-hundred day moving average is $34.27. RCI Hospitality Holdings, Inc. has a 1-year low of $21.88 and a 1-year high of $61.66. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market capitalization of $214.77 million, a price-to-earnings ratio of 13.24 and a beta of 1.18.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Wednesday, January 11th. The restaurant operator reported $1.58 EPS for the quarter. RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. The firm had revenue of $54.94 million for the quarter. Analysts forecast that RCI Hospitality Holdings, Inc. will post 4.55 EPS for the current year.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 16th. RCI Hospitality’s dividend payout ratio is 15.05%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, RCI Hospitality presently has a consensus rating of “Hold” and a consensus price target of $98.00.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.