Vanguard Group Inc. Sells 16,731 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Vanguard Group Inc. cut its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,660 shares of the restaurant operator’s stock after selling 16,731 shares during the quarter. Vanguard Group Inc. owned about 5.63% of RCI Hospitality worth $28,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RICK. Charles Schwab Investment Management Inc. boosted its holdings in shares of RCI Hospitality by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after buying an additional 363 shares in the last quarter. AlphaQuest LLC lifted its position in RCI Hospitality by 107.4% during the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 693 shares during the period. Heck Capital Advisors LLC purchased a new position in RCI Hospitality during the 4th quarter valued at about $53,000. FMR LLC boosted its stake in RCI Hospitality by 132.6% during the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,026 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in RCI Hospitality by 47.4% in the third quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 1,260 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. HC Wainwright reissued a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th.

RCI Hospitality Trading Up 2.4 %

Shares of NASDAQ RICK opened at $38.06 on Tuesday. The firm’s 50 day moving average price is $46.33 and its 200-day moving average price is $49.15. RCI Hospitality Holdings Inc has a 52-week low of $35.00 and a 52-week high of $61.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. The company has a market cap of $337.48 million, a PE ratio of 67.97 and a beta of 1.45.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.07 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.74%. RCI Hospitality’s dividend payout ratio (DPR) is presently 50.00%.

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.