RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 19.1% during the third quarter, HoldingsChannel.com reports. The fund owned 6,501 shares of the restaurant operator’s stock after selling 1,532 shares during the quarter. Virtu Financial LLC’s holdings in RCI Hospitality were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in RCI Hospitality during the third quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 498 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of RCI Hospitality during the 3rd quarter worth approximately $54,000. Victory Capital Management Inc. purchased a new stake in RCI Hospitality in the 2nd quarter valued at approximately $76,000. Finally, FMR LLC grew its holdings in RCI Hospitality by 132.6% during the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 1,026 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Trading Up 11.3 %

Shares of RICK opened at $58.04 on Wednesday. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $68.26. The company has a market capitalization of $522.19 million, a PE ratio of 181.38 and a beta of 1.60. The stock has a fifty day moving average of $48.19 and a two-hundred day moving average of $45.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.48%. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RICK. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday. HC Wainwright restated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, November 6th.

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.