Susquehanna Fundamental Investments LLC Acquires Shares of 9,473 RCI Hospitality Holdings Inc (NASDAQ:RICK)

Susquehanna Fundamental Investments LLC acquired a new position in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) in the 4th quarter, according to the company in 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 approximately 0.11% of RCI Hospitality as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RICK. Barclays PLC boosted its holdings in shares of RCI Hospitality by 330.2% in the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock valued at $605,000 after buying an additional 10,433 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of RCI Hospitality by 1,839.9% in 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 in the last quarter. Victory Capital Management Inc. boosted its stake in RCI Hospitality by 233.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator's stock valued at $332,000 after buying an additional 4,049 shares in the last quarter. XTX Topco Ltd bought a new stake in RCI Hospitality in the fourth quarter worth about $433,000. Finally, American Century Companies Inc. lifted its stake in RCI Hospitality by 63.7% during 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 during the last quarter. Hedge funds and other institutional investors own 53.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RICK. HC Wainwright reiterated a "buy" rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th. StockNews.com upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

RCI Hospitality Stock Performance

NASDAQ:RICK traded up $0.17 during mid-day trading on Wednesday, reaching $40.82. 36,746 shares of the company's stock were exchanged, compared to its average volume of 86,186. RCI Hospitality Holdings Inc has a one year low of $35.00 and a one year high of $61.66. The business's fifty day simple moving average is $42.30 and its two-hundred day simple moving average is $48.76. The firm has a market capitalization of $361.95 million, a PE ratio of 72.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio (DPR) is presently 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.