Insider Buying: RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Purchases 266 Shares of Stock

RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine acquired 266 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $47.00 per share, for a total transaction of $12,502.00. Following the acquisition, the director now owns 11,645 shares in the company, valued at approximately $547,315. This trade represents a 2.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Johnson Martin Elaine also recently made the following trade(s):

• On Friday, February 14th, Johnson Martin Elaine acquired 195 shares of RCI Hospitality stock. The shares were bought at an average price of $51.00 per share, for a total transaction of $9,945.00.

RCI Hospitality Trading Down 1.3 %

RICK traded down $0.60 during trading on Friday, reaching $46.46. 22,543 shares of the company’s stock were exchanged, compared to its average volume of 82,359. The company’s fifty day moving average price is $53.81 and its 200-day moving average price is $49.48. The firm has a market capitalization of $411.92 million, a PE ratio of 82.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $61.66.

RCI Hospitality Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.07 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.60%. RCI Hospitality’s dividend payout ratio is currently 50.00%.

Institutional Trading of RCI Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC bought a new position in shares of RCI Hospitality in the 3rd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. grew its position in RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after buying an additional 498 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in RCI Hospitality by 356.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator’s stock worth $49,000 after buying an additional 660 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of RCI Hospitality during the 4th quarter worth $53,000. Finally, AlphaQuest LLC boosted its stake in shares of RCI Hospitality by 107.4% in the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 693 shares in the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RICK. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. HC Wainwright reissued a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a report on Wednesday, February 12th.

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.