Parametric Portfolio Associates LLC cut its position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,483 shares of the restaurant operator’s stock after selling 1,659 shares during the period. Parametric Portfolio Associates LLC owned 0.13% of RCI Hospitality Holdings worth $216,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in RCI Hospitality Holdings by 2.6% in the first quarter. Acadian Asset Management LLC now owns 244,610 shares of the restaurant operator’s stock worth $4,233,000 after buying an additional 6,199 shares during the period. Janney Montgomery Scott LLC raised its position in RCI Hospitality Holdings by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 96,508 shares of the restaurant operator’s stock worth $1,672,000 after buying an additional 2,065 shares during the period. Sanders Morris Harris Inc. bought a new position in RCI Hospitality Holdings during the first quarter worth about $1,559,000. Finally, Russell Investments Group Ltd. raised its position in RCI Hospitality Holdings by 46.4% in the first quarter. Russell Investments Group Ltd. now owns 30,788 shares of the restaurant operator’s stock worth $533,000 after buying an additional 9,753 shares during the period. Hedge funds and other institutional investors own 40.42% of the company’s stock.
Shares of RCI Hospitality Holdings, Inc. (NASDAQ RICK) opened at 24.08 on Friday. The firm’s 50-day moving average price is $23.60 and its 200-day moving average price is $19.82. RCI Hospitality Holdings, Inc. has a one year low of $10.58 and a one year high of $26.85. The stock has a market capitalization of $234.01 million, a P/E ratio of 21.77 and a beta of 0.25.
RCI Hospitality Holdings (NASDAQ:RICK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. The business had revenue of $37.43 million for the quarter, compared to analysts’ expectations of $37.64 million. During the same quarter last year, the company posted $0.34 earnings per share. Equities research analysts anticipate that RCI Hospitality Holdings, Inc. will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, September 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. RCI Hospitality Holdings’s payout ratio is 10.62%.
A number of research analysts recently issued reports on RICK shares. Zacks Investment Research upgraded RCI Hospitality Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Saturday, August 12th. Westpark Capital set a $30.00 price target on RCI Hospitality Holdings and gave the stock a “buy” rating in a report on Thursday, August 10th.
About RCI Hospitality Holdings
Receive News & Ratings for RCI Hospitality Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.