Scott & Selber Inc. purchased a new position in shares of RCI Hospitality Holdings Inc. (NASDAQ:RICK) during the second quarter, Holdings Channel reports. The fund purchased 20,000 shares of the company’s stock, valued at approximately $204,000.

Separately, BlackRock Institutional Trust Company N.A. boosted its stake in RCI Hospitality Holdings by 34.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 28,233 shares of the company’s stock worth $250,000 after buying an additional 7,246 shares during the period. 31.51% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for RCI Hospitality Holdings (NASDAQ:RICK)

Shares of RCI Hospitality Holdings Inc. (NASDAQ:RICK) traded up 0.80% on Tuesday, reaching $11.30. The company’s stock had a trading volume of 32,249 shares. RCI Hospitality Holdings Inc. has a 52-week low of $7.50 and a 52-week high of $12.00. The stock has a market cap of $111.11 million, a P/E ratio of 10.48 and a beta of 0.71. The firm’s 50 day moving average is $11.41 and its 200-day moving average is $10.65.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.06%. RCI Hospitality Holdings’s dividend payout ratio (DPR) is presently 10.91%.

Separately, Zacks Investment Research cut RCI Hospitality Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.

RCI Hospitality Holdings Company Profile

Rick’s Cabaret International, Inc (Rick’s) through its subsidiaries, owns and operates nightclubs that offer live adult entertainment, restaurant and bar operations. The Company has 19 adult nightclubs, out of which six of its clubs operate under the name Rick’s Cabaret; four operate under the name Club Onyx; five operate under the name tic Cabaret; one club operates as Tootsie’s Cabaret and one operates as Cabaret North.

5 Day Chart for NASDAQ:RICK

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