Mariner LLC Acquires Shares of 6,191 RCI Hospitality Holdings Inc (NASDAQ:RICK)

Mariner LLC bought a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,191 shares of the restaurant operator’s stock, valued at approximately $356,000. Mariner LLC owned approximately 0.07% of RCI Hospitality as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RICK. TT Capital Management LLC bought a new stake in RCI Hospitality during the fourth quarter worth about $250,000. Renaissance Technologies LLC grew its position in RCI Hospitality by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator’s stock worth $2,638,000 after acquiring an additional 922 shares during the last quarter. Wells Fargo & Company MN grew its position in RCI Hospitality by 38.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,839 shares of the restaurant operator’s stock worth $278,000 after acquiring an additional 1,333 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in RCI Hospitality during the 4th quarter valued at $771,000. Finally, Arrowstreet Capital Limited Partnership raised its position in RCI Hospitality by 1,839.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator’s stock valued at $8,938,000 after purchasing an additional 147,508 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RICK. HC Wainwright restated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

RCI Hospitality Stock Up 2.8 %

Shares of RICK opened at $41.71 on Friday. The business’s fifty day moving average price is $42.67 and its two-hundred day moving average price is $48.80. The firm has a market capitalization of $369.84 million, a price-to-earnings ratio of 74.48 and a beta of 1.45. 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.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. RCI Hospitality’s payout ratio is presently 50.00%.

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.