RCI Hospitality Holdings Inc (NASDAQ:RICK) Sees Significant Decrease in Short Interest

RCI Hospitality Holdings Inc (NASDAQ:RICK) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 549,400 shares, a decrease of 27.5% from the December 15th total of 758,100 shares. Currently, 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 90,300 shares, the short-interest ratio is presently 6.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Friday, January 10th. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Institutional Trading of RCI Hospitality

Several institutional investors have recently added to or reduced their stakes in RICK. Quest Partners LLC bought a new position in RCI Hospitality during the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of RCI Hospitality by 254.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 498 shares in the last quarter. Copeland Capital Management LLC bought a new position in RCI Hospitality during the third quarter worth about $54,000. Victory Capital Management Inc. acquired a new stake in RCI Hospitality in the 2nd quarter worth about $76,000. Finally, FMR LLC boosted its holdings in RCI Hospitality by 132.6% in the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,026 shares during the period. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Stock Performance

RCI Hospitality stock traded down $0.10 during trading hours on Wednesday, hitting $53.22. The company had a trading volume of 50,064 shares, compared to its average volume of 84,052. The firm has a 50-day moving average of $53.47 and a 200 day moving average of $47.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market cap of $473.66 million, a PE ratio of 102.35 and a beta of 1.57. RCI Hospitality has a one year low of $37.61 and a one year high of $63.76.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.53%. RCI Hospitality’s dividend payout ratio (DPR) is currently 87.50%.

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.