645 Shares in RCI Hospitality Holdings Inc (NASDAQ:RICK) Purchased by Quest Partners LLC

Quest Partners LLC bought a new position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 645 shares of the restaurant operator’s stock, valued at approximately $29,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in RCI Hospitality by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock worth $29,118,000 after acquiring an additional 9,218 shares in the last quarter. Progeny 3 Inc. grew its stake in shares of RCI Hospitality by 23.5% in the 2nd quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after buying an additional 87,832 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in RCI Hospitality by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock worth $2,644,000 after buying an additional 4,126 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in RCI Hospitality by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock valued at $2,250,000 after acquiring an additional 10,275 shares during the last quarter. Finally, American Century Companies Inc. grew its position in RCI Hospitality by 14.7% in the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after acquiring an additional 6,174 shares in the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on RICK. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th. HC Wainwright reaffirmed a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, November 6th.

RCI Hospitality Stock Up 0.8 %

Shares of RICK opened at $52.46 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $46.03 and a two-hundred day moving average price of $45.30. The stock has a market cap of $471.98 million, a price-to-earnings ratio of 100.88 and a beta of 1.56. RCI Hospitality Holdings Inc has a 12 month low of $37.61 and a 12 month high of $69.40.

RCI Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.53%. RCI Hospitality’s dividend payout ratio (DPR) is presently 53.85%.

RCI Hospitality 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.