11,594 Shares in RCI Hospitality Holdings, Inc. $RICK Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 11,594 shares of RCI Hospitality Holdings, Inc. for approximately $498,000, marking a new stake in the company.
• RCI Hospitality missed its earnings estimate with reported earnings of $0.46 per share, significantly lower than the consensus forecast of $1.24.
• The company announced a quarterly dividend of $0.07, reflecting an annualized dividend yield of 0.8%, payable on September 30th to shareholders of record on September 16th.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,594 shares of the restaurant operator's stock, valued at approximately $498,000. Dynamic Technology Lab Private Ltd owned about 0.13% of RCI Hospitality as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of RCI Hospitality by 13,400.0% in the first quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator's stock worth $41,000 after buying an additional 938 shares during the last quarter. Heck Capital Advisors LLC bought a new position in RCI Hospitality in the 4th quarter worth $53,000. State of Wyoming acquired a new position in RCI Hospitality during the 1st quarter worth $92,000. Meeder Asset Management Inc. bought a new stake in RCI Hospitality during the first quarter valued at about $153,000. Finally, Deutsche Bank AG grew its position in shares of RCI Hospitality by 22.6% in the first quarter. Deutsche Bank AG now owns 3,816 shares of the restaurant operator's stock valued at $164,000 after purchasing an additional 703 shares during the last quarter. Institutional investors own 53.82% of the company's stock.

RCI Hospitality Trading Down 1.0%

RCI Hospitality stock opened at $33.87 on Thursday. RCI Hospitality Holdings, Inc. has a 52 week low of $33.79 and a 52 week high of $61.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $295.35 million, a PE ratio of 18.21 and a beta of 1.17. The business's 50-day simple moving average is $37.30 and its 200-day simple moving average is $40.37.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last announced its earnings results on Monday, August 11th. The restaurant operator reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.78). The business had revenue of $71.15 million for the quarter, compared to the consensus estimate of $70.50 million. RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. Equities research analysts forecast that RCI Hospitality Holdings, Inc. will post 4.55 earnings per share for the current year.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 16th. RCI Hospitality's dividend payout ratio is currently 15.05%.

RCI Hospitality 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.

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