PDT Partners LLC Acquires Shares of 43,338 RCI Hospitality Holdings, Inc. $RICK

PDT Partners LLC bought a new position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in the 2nd quarter, Holdings Channel reports. The fund bought 43,338 shares of the restaurant operator’s stock, valued at approximately $1,184,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in RCI Hospitality during the 2nd quarter worth approximately $16,785,000. Vanguard Group Inc. lifted its holdings in shares of RCI Hospitality by 2.9% during the third quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock worth $15,772,000 after purchasing an additional 14,603 shares during the period. Steel Partners Holdings L.P. acquired a new stake in shares of RCI Hospitality during the fourth quarter worth $7,459,000. State Street Corp lifted its holdings in shares of RCI Hospitality by 0.4% during the fourth quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock worth $4,414,000 after purchasing an additional 698 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in RCI Hospitality by 4.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock valued at $5,449,000 after buying an additional 7,140 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Stock Down 2.1%

RICK opened at $29.68 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. RCI Hospitality Holdings, Inc. has a 12 month low of $20.76 and a 12 month high of $37.73. The stock has a market capitalization of $226.76 million, a P/E ratio of -72.39 and a beta of 0.76. The business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $25.28.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. The firm had revenue of $73.94 million for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.

RCI Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s payout ratio is presently -78.05%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.