Quantbot Technologies LP Sells 566 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Quantbot Technologies LP cut its stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,310 shares of the restaurant operator’s stock after selling 566 shares during the quarter. Quantbot Technologies LP’s holdings in RCI Hospitality were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RICK. Quest Partners LLC bought a new stake in RCI Hospitality in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of RCI Hospitality in the third quarter worth $54,000. Victory Capital Management Inc. purchased a new stake in RCI Hospitality during the second quarter valued at $76,000. Point72 Asset Management L.P. bought a new position in RCI Hospitality in the second quarter valued at about $88,000. Finally, Cubist Systematic Strategies LLC purchased a new position in RCI Hospitality in the second quarter worth about $175,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. HC Wainwright reiterated a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, November 6th.

RCI Hospitality Stock Performance

Shares of RICK opened at $51.30 on Friday. The business has a 50-day simple moving average of $46.67 and a two-hundred day simple moving average of $45.41. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $69.40. The stock has a market cap of $461.70 million, a price-to-earnings ratio of 98.66 and a beta of 1.60.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, December 16th. RCI Hospitality’s payout ratio is 53.85%.

About RCI Hospitality

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.