Caption Management LLC Decreases Stake in RCI Hospitality Holdings, Inc. $RICK

Key Points

• Caption Management LLC reduced its stake in RCI Hospitality by 69.8%, selling 20,464 shares, now holding only 8,850 shares valued at $380,000.
• RCI Hospitality's recent earnings report showed a loss, with earnings per share at $0.46, missing estimates by $0.78, although revenue was slightly above expectations at $71.15 million.
• The company declared a quarterly dividend of $0.07 per share, which represents an annualized dividend yield of 0.8%.

Caption Management LLC lowered its stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Free Report) by 69.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,850 shares of the restaurant operator's stock after selling 20,464 shares during the quarter. Caption Management LLC owned 0.10% of RCI Hospitality worth $380,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in RCI Hospitality by 13,400.0% in the first quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 938 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of RCI Hospitality by 356.8% in 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 in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of RCI Hospitality in the 4th quarter worth about $53,000. State of Wyoming bought a new position in shares of RCI Hospitality during the 1st quarter valued at about $92,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of RCI Hospitality during the 1st quarter valued at about $153,000. 53.82% of the stock is owned by institutional investors.

RCI Hospitality Price Performance

NASDAQ:RICK traded down $0.01 during mid-day trading on Friday, reaching $36.16. The stock had a trading volume of 147,234 shares, compared to its average volume of 80,011. The stock has a market capitalization of $315.32 million, a P/E ratio of 19.44 and a beta of 1.17. The firm has a 50 day moving average price of $37.59 and a two-hundred day moving average price of $40.58. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. RCI Hospitality Holdings, Inc. has a one year low of $34.45 and a one year high of $61.66.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The restaurant operator reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that RCI Hospitality Holdings, Inc. will post 4.55 earnings per share for the current year.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 16th. RCI Hospitality's dividend payout ratio (DPR) is presently 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.