Charles Schwab Investment Management Inc. Sells 1,260 Shares of RCI Hospitality Holdings, Inc. $RICK

Charles Schwab Investment Management Inc. decreased its stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,810 shares of the restaurant operator’s stock after selling 1,260 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.75% of RCI Hospitality worth $2,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RICK. GAMMA Investing LLC lifted its holdings in shares of RCI Hospitality by 13,400.0% during the first quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 938 shares during the period. Tower Research Capital LLC TRC grew its position in shares of RCI Hospitality by 356.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator’s stock worth $49,000 after buying an additional 660 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of RCI Hospitality during the 4th quarter worth about $53,000. Meeder Asset Management Inc. acquired a new position in shares of RCI Hospitality in the 1st quarter valued at approximately $153,000. Finally, Brighton Jones LLC acquired a new position in shares of RCI Hospitality in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Trading Down 0.4%

NASDAQ:RICK opened at $37.21 on Friday. RCI Hospitality Holdings, Inc. has a twelve month low of $34.45 and a twelve month high of $61.66. The company has a market cap of $324.47 million, a P/E ratio of 20.01 and a beta of 1.39. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $37.86 and a two-hundred day moving average price of $41.24.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Monday, August 11th. The restaurant operator reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.78). The business had revenue of $71.15 million during the quarter, compared to the consensus estimate of $70.50 million. RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. As a group, analysts expect that RCI Hospitality Holdings, Inc. will post 4.55 EPS for the current fiscal year.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. RCI Hospitality’s payout ratio is presently 15.05%.

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.