Dimensional Fund Advisors LP Sells 7,940 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Dimensional Fund Advisors LP lessened its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 302,865 shares of the restaurant operator's stock after selling 7,940 shares during the period. Dimensional Fund Advisors LP owned approximately 3.40% of RCI Hospitality worth $17,406,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Barclays PLC increased its position in shares of RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock worth $605,000 after purchasing an additional 10,433 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in RCI Hospitality by 1,839.9% during the 4th 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 period. Victory Capital Management Inc. grew its position in shares of RCI Hospitality by 233.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator's stock valued at $332,000 after purchasing an additional 4,049 shares during the period. XTX Topco Ltd bought a new stake in shares of RCI Hospitality during the fourth quarter worth $433,000. Finally, American Century Companies Inc. lifted its holdings in shares of RCI Hospitality by 63.7% in the fourth quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator's stock valued at $6,030,000 after purchasing an additional 40,822 shares in the last quarter. Institutional investors own 53.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RICK shares. HC Wainwright restated a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a report 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.

RCI Hospitality Trading Down 0.7 %

Shares of NASDAQ:RICK traded down $0.30 during midday trading on Friday, reaching $42.04. The company's stock had a trading volume of 37,455 shares, compared to its average volume of 85,583. RCI Hospitality Holdings Inc has a fifty-two week low of $35.00 and a fifty-two week high of $61.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. The firm has a 50 day moving average price of $41.89 and a two-hundred day moving average price of $48.72. The firm has a market capitalization of $372.77 million, a price-to-earnings ratio of 75.07 and a beta of 1.41.

RCI Hospitality Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's payout ratio is currently 50.00%.

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.