HRT Financial LP Takes $707,000 Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Posted by Defense World Staff on Jun 3rd, 2023

HRT Financial LP purchased a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,588 shares of the restaurant operator’s stock, valued at approximately $707,000. HRT Financial LP owned about 0.08% of RCI Hospitality as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RICK. Renaissance Technologies LLC grew its position in shares of RCI Hospitality by 389.3% in the second quarter. Renaissance Technologies LLC now owns 68,500 shares of the restaurant operator’s stock valued at $3,313,000 after purchasing an additional 54,500 shares during the last quarter. Goldman Sachs Group Inc. grew its position in RCI Hospitality by 135.4% during the first quarter. Goldman Sachs Group Inc. now owns 91,807 shares of the restaurant operator’s stock worth $5,643,000 after buying an additional 52,799 shares in the last quarter. Jane Street Group LLC grew its position in RCI Hospitality by 716.2% during the second quarter. Jane Street Group LLC now owns 46,850 shares of the restaurant operator’s stock worth $2,265,000 after buying an additional 41,110 shares in the last quarter. Prudential Financial Inc. grew its position in RCI Hospitality by 53.0% during the first quarter. Prudential Financial Inc. now owns 115,977 shares of the restaurant operator’s stock worth $7,128,000 after buying an additional 40,195 shares in the last quarter. Finally, Millennium Management LLC grew its position in RCI Hospitality by 343.1% during the second quarter. Millennium Management LLC now owns 48,518 shares of the restaurant operator’s stock worth $2,346,000 after buying an additional 37,569 shares in the last quarter. 46.76% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Stock Up 4.2 %

Shares of RICK opened at $76.55 on Friday. The stock has a market cap of $721.87 million, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.16 and a beta of 1.66. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.81. RCI Hospitality Holdings Inc has a 12 month low of $46.49 and a 12 month high of $97.45. The company has a 50-day moving average price of $74.92 and a two-hundred day moving average price of $83.65.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, June 13th. RCI Hospitality’s dividend payout ratio is 5.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RICK. HC Wainwright reissued a “buy” rating and set a $140.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 12th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Saturday.

RCI Hospitality Profile

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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.