Susquehanna Fundamental Investments LLC Makes New Investment in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,473 shares of the restaurant operator's stock, valued at approximately $544,000. Susquehanna Fundamental Investments LLC owned 0.11% of RCI Hospitality at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 363 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of RCI Hospitality by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,110 shares of the restaurant operator's stock worth $409,000 after buying an additional 629 shares during the period. Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 660 shares in the last quarter. AlphaQuest LLC lifted its position in RCI Hospitality by 107.4% during the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock valued at $77,000 after acquiring an additional 693 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in RCI Hospitality by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator's stock worth $2,638,000 after purchasing an additional 922 shares during the period. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Stock Down 0.4 %

RCI Hospitality stock traded down $0.16 during trading hours on Friday, reaching $42.18. The stock had a trading volume of 9,495 shares, compared to its average volume of 86,046. The company has a market cap of $374.01 million, a price-to-earnings ratio of 75.32 and a beta of 1.41. The business's 50 day moving average price is $42.00 and its 200-day moving average price is $48.69. RCI Hospitality Holdings Inc has a 52 week low of $35.00 and a 52 week high of $61.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92.

RCI Hospitality Announces Dividend

The business 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 yield of 0.66%. The ex-dividend date was Monday, March 17th. RCI Hospitality's dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. HC Wainwright restated a "buy" rating and issued a $98.00 price target on shares of RCI Hospitality in a research note 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 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.