Insider Buying: RCI Hospitality (NASDAQ:RICK) Director Acquires 601 Shares of Stock

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Elaine Martin bought 601 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $28.95 per share, with a total value of $17,398.95. Following the transaction, the director directly owned 12,352 shares of the company’s stock, valued at $357,590.40. The trade was a 5.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

RCI Hospitality Stock Up 0.8%

NASDAQ RICK traded up $0.23 on Wednesday, hitting $28.77. The stock had a trading volume of 21,196 shares, compared to its average volume of 61,128. The business’s fifty day moving average price is $28.02 and its 200 day moving average price is $25.89. 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 52-week low of $20.76 and a 52-week high of $32.02. The stock has a market cap of $219.80 million, a price-to-earnings ratio of -70.17 and a beta of 0.78.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The firm had revenue of $73.94 million during 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. RCI Hospitality’s dividend payout ratio (DPR) is -78.05%.

Analyst Ratings Changes

Several equities analysts recently commented on RICK shares. Wall Street Zen raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in RCI Hospitality in the 2nd quarter worth approximately $16,785,000. Bank of New York Mellon Corp acquired a new stake in RCI Hospitality during the 2nd quarter valued at approximately $2,239,000. JB Capital Partners LP acquired a new stake in RCI Hospitality during the 2nd quarter valued at approximately $1,639,200. PDT Partners LLC purchased a new stake in shares of RCI Hospitality in the 2nd quarter valued at $1,184,000. Finally, Man Group plc acquired a new stake in shares of RCI Hospitality in the second quarter worth $1,085,000. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company’s adult entertainment venues operate under brands that include Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret and Scarlett’s Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.