Caption Management LLC Buys New Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Caption Management LLC bought a new stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,314 shares of the restaurant operator's stock, valued at approximately $1,685,000. Caption Management LLC owned 0.33% of RCI Hospitality at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of RCI Hospitality by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator's stock worth $3,912,000 after acquiring an additional 363 shares during the period. Price T Rowe Associates Inc. MD grew its stake in RCI Hospitality by 9.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,110 shares of the restaurant operator's stock worth $409,000 after purchasing an additional 629 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in RCI Hospitality by 356.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after purchasing an additional 660 shares during the period. AlphaQuest LLC increased its holdings in RCI Hospitality by 107.4% during the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 693 shares during the period. Finally, Renaissance Technologies LLC raised its position in RCI Hospitality by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator's stock valued at $2,638,000 after purchasing an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company's stock.

RCI Hospitality Stock Down 0.7 %

Shares of NASDAQ:RICK traded down $0.30 on Friday, reaching $42.04. The company had a trading volume of 37,455 shares, compared to its average volume of 86,278. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $372.77 million, a PE ratio of 75.07 and a beta of 1.41. RCI Hospitality Holdings Inc has a 52-week low of $35.00 and a 52-week high of $61.66. The firm's 50 day simple moving average is $41.89 and its 200-day simple moving average is $48.69.

RCI Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's payout ratio is 50.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. HC Wainwright restated a "buy" rating and set a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, April 9th. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

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.