RCI Hospitality Holdings Inc (NASDAQ:RICK) Stake Reduced by Jane Street Group LLC

Jane Street Group LLC decreased its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,157 shares of the restaurant operator’s stock after selling 543 shares during the quarter. Jane Street Group LLC owned about 0.26% of RCI Hospitality worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Progeny 3 Inc. increased its position in RCI Hospitality by 23.5% in the 2nd quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock worth $20,080,000 after purchasing an additional 87,832 shares during the last quarter. State Street Corp lifted its position in shares of RCI Hospitality by 1.0% in the 3rd quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after acquiring an additional 2,023 shares during the period. Bank of New York Mellon Corp lifted its position in shares of RCI Hospitality by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock worth $2,644,000 after acquiring an additional 4,126 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of RCI Hospitality by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock worth $2,250,000 after buying an additional 10,275 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of RCI Hospitality by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after buying an additional 6,174 shares during the period. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Stock Performance

RICK stock opened at $57.63 on Tuesday. RCI Hospitality Holdings Inc has a 1-year low of $37.61 and a 1-year high of $67.14. The firm has a market cap of $512.91 million, a PE ratio of 110.83 and a beta of 1.60. The stock has a 50-day moving average price of $50.50 and a 200-day moving average price of $46.45. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.07 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. RCI Hospitality’s payout ratio is presently 87.50%.

Analyst Ratings Changes

RICK has been the subject of several research reports. StockNews.com cut RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. HC Wainwright reiterated a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, December 18th.

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.