Mariner LLC Makes New Investment in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Mariner LLC purchased a new stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,191 shares of the restaurant operator's stock, valued at approximately $356,000. Mariner LLC owned about 0.07% of RCI Hospitality at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. TT Capital Management LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $250,000. Renaissance Technologies LLC lifted its holdings in RCI Hospitality by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator's stock worth $2,638,000 after acquiring an additional 922 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of RCI Hospitality by 38.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,839 shares of the restaurant operator's stock worth $278,000 after buying an additional 1,333 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $771,000. Finally, Arrowstreet Capital Limited Partnership increased its position in RCI Hospitality by 1,839.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator's stock worth $8,938,000 after buying an additional 147,508 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

Analyst Ratings Changes

RICK has been the topic of several recent research reports. HC Wainwright restated a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 9th. StockNews.com upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

RCI Hospitality Trading Up 0.0 %

Shares of RICK traded up $0.02 during mid-day trading on Friday, hitting $42.36. 8,439 shares of the company's stock traded hands, compared to its average volume of 86,043. The business's 50-day moving average price is $42.00 and its 200-day moving average price is $48.69. The firm has a market capitalization of $375.61 million, a P/E ratio of 75.64 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. RCI Hospitality Holdings Inc has a 1 year low of $35.00 and a 1 year high of $61.66.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio (DPR) is 50.00%.

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.