SG Americas Securities LLC Cuts Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

SG Americas Securities LLC reduced its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 41.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,737 shares of the restaurant operator’s stock after selling 2,700 shares during the period. SG Americas Securities LLC’s holdings in RCI Hospitality were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in RCI Hospitality by 61.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,007 shares of the restaurant operator’s stock valued at $262,000 after acquiring an additional 2,277 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of RCI Hospitality during the second quarter worth about $175,000. Copeland Capital Management LLC purchased a new position in shares of RCI Hospitality in the third quarter valued at approximately $54,000. Quest Partners LLC acquired a new position in shares of RCI Hospitality in the third quarter valued at approximately $29,000. Finally, FMR LLC increased its stake in RCI Hospitality by 132.6% during the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after buying an additional 1,026 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research report on Monday, January 27th. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Stock Down 2.3 %

Shares of NASDAQ:RICK opened at $51.97 on Friday. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $61.66. The firm’s 50 day moving average price is $54.80 and its 200 day moving average price is $48.84. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. The stock has a market cap of $462.53 million, a price-to-earnings ratio of 162.41 and a beta of 1.55.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. RCI Hospitality’s dividend payout ratio (DPR) is currently 87.50%.

About RCI Hospitality

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.