Man Group plc bought a new stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,724 shares of the restaurant operator’s stock, valued at approximately $1,085,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in RCI Hospitality during the 2nd quarter worth $289,000. PDT Partners LLC purchased a new position in RCI Hospitality during the 2nd quarter worth $1,184,000. Canada Pension Plan Investment Board acquired a new position in RCI Hospitality in the second quarter valued at $355,000. Manatuck Hill Partners LLC acquired a new position in RCI Hospitality in the second quarter valued at $273,000. Finally, JB Capital Partners LP purchased a new stake in shares of RCI Hospitality in the second quarter valued at about $1,639,200. Hedge funds and other institutional investors own 53.82% of the company’s stock.
RCI Hospitality Price Performance
Shares of NASDAQ RICK opened at $29.44 on Thursday. The stock has a fifty day moving average price of $27.71 and a 200 day moving average price of $25.49. RCI Hospitality Holdings, Inc. has a 1-year low of $20.76 and a 1-year high of $36.72. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. The company has a market cap of $224.92 million, a PE ratio of -71.80 and a beta of 0.78.
RCI Hospitality Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 15th. RCI Hospitality’s payout ratio is -78.05%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday. Wall Street Zen cut RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on RICK
RCI Hospitality Company Profile
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.
Featured Articles
- Five stocks we like better than RCI Hospitality
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding RICK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Free Report).
Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.
