Goldman Sachs Group Inc. Decreases Stock Position in RCI Hospitality Holdings, Inc. $RICK

Goldman Sachs Group Inc. cut its position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 23.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,948 shares of the restaurant operator’s stock after selling 33,732 shares during the period. Goldman Sachs Group Inc. owned approximately 1.28% of RCI Hospitality worth $4,850,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RICK. GAMMA Investing LLC increased its holdings in shares of RCI Hospitality by 13,400.0% in the first quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 938 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of RCI Hospitality in the fourth quarter valued at about $53,000. State of Wyoming acquired a new position in shares of RCI Hospitality in the first quarter valued at about $92,000. Meeder Asset Management Inc. acquired a new position in shares of RCI Hospitality in the first quarter valued at about $153,000. Finally, Deutsche Bank AG increased its holdings in shares of RCI Hospitality by 22.6% in the first quarter. Deutsche Bank AG now owns 3,816 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 703 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Stock Down 16.1%

Shares of RICK stock opened at $28.79 on Wednesday. The stock’s 50-day simple moving average is $36.79 and its 200-day simple moving average is $39.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $251.05 million, a PE ratio of 15.48 and a beta of 1.17. RCI Hospitality Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $61.66.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data 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 firm had revenue of $71.15 million during the quarter, compared to analyst estimates of $70.50 million. RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. Equities analysts expect that RCI Hospitality Holdings, Inc. will post 4.55 earnings per share for the current year.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 16th. RCI Hospitality’s dividend payout ratio (DPR) is 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.