Quantinno Capital Management LP Increases Stock Position in RCI Hospitality Holdings, Inc. $RICK

Quantinno Capital Management LP lifted its position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 320.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,311 shares of the restaurant operator’s stock after buying an additional 34,525 shares during the period. Quantinno Capital Management LP’s holdings in RCI Hospitality were worth $1,034,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RICK. Brighton Jones LLC acquired a new position in RCI Hospitality in the fourth quarter valued at $211,000. AQR Capital Management LLC increased its stake in RCI Hospitality by 12.8% during the first quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock worth $1,114,000 after acquiring an additional 2,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in RCI Hospitality by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after acquiring an additional 234 shares during the last quarter. Invesco Ltd. raised its holdings in shares of RCI Hospitality by 4.5% in the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock worth $477,000 after purchasing an additional 536 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of RCI Hospitality by 324.7% in the 2nd quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator’s stock worth $880,000 after purchasing an additional 17,651 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $30.87 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $235.85 million, a price-to-earnings ratio of -75.29 and a beta of 0.76. The firm’s fifty day simple moving average is $26.86 and its 200 day simple moving average is $24.92. RCI Hospitality Holdings, Inc. has a twelve month low of $20.76 and a twelve month high of $38.25.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The firm had revenue of $73.94 million during the quarter.

RCI Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. RCI Hospitality’s dividend payout ratio is presently -78.05%.

Analyst Ratings Changes

RICK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.