Tower Research Capital LLC TRC Boosts Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Tower Research Capital LLC TRC lifted its stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 356.8% during the 4th quarter, Holdings Channel reports. The fund owned 845 shares of the restaurant operator’s stock after buying an additional 660 shares during the quarter. Tower Research Capital LLC TRC’s holdings in RCI Hospitality were worth $49,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of RCI Hospitality by 1,839.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator’s stock worth $8,938,000 after purchasing an additional 147,508 shares during the last quarter. American Century Companies Inc. increased its position in shares of RCI Hospitality by 63.7% during the 4th quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator’s stock worth $6,030,000 after purchasing an additional 40,822 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $1,498,000. Bank of New York Mellon Corp increased its position in shares of RCI Hospitality by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock worth $3,773,000 after purchasing an additional 14,919 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $771,000. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Analyst Upgrades and Downgrades

RICK has been the subject of a number of recent analyst reports. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 9th.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $43.39 on Tuesday. The company has a market cap of $384.74 million, a P/E ratio of 77.48 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. The stock has a 50-day moving average of $41.80 and a two-hundred day moving average of $48.77. RCI Hospitality Holdings Inc has a 1-year low of $35.00 and a 1-year high of $61.66.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.39). The firm had revenue of $65.88 million during the quarter, compared to analyst estimates of $65.93 million. RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. As a group, analysts anticipate that RCI Hospitality Holdings Inc will post 4.55 EPS for the current year.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality’s dividend payout ratio is currently 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.