Nordea Investment Management AB raised its position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 66.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,800 shares of the restaurant operator’s stock after purchasing an additional 6,300 shares during the period. Nordea Investment Management AB owned approximately 0.16% of RCI Hospitality worth $391,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in shares of RCI Hospitality by 4.2% during the second quarter. Renaissance Technologies LLC now owns 616,700 shares of the restaurant operator’s stock worth $14,702,000 after buying an additional 24,700 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of RCI Hospitality by 5.7% during the second quarter. Vanguard Group Inc. now owns 470,228 shares of the restaurant operator’s stock worth $11,210,000 after buying an additional 25,561 shares in the last quarter. LSV Asset Management increased its holdings in shares of RCI Hospitality by 4.8% during the second quarter. LSV Asset Management now owns 339,123 shares of the restaurant operator’s stock worth $8,084,000 after buying an additional 15,500 shares in the last quarter. Northern Trust Corp increased its holdings in shares of RCI Hospitality by 172.4% during the second quarter. Northern Trust Corp now owns 125,642 shares of the restaurant operator’s stock worth $2,996,000 after buying an additional 79,510 shares in the last quarter. Finally, AJO LP acquired a new position in shares of RCI Hospitality during the second quarter worth $2,900,000. Institutional investors and hedge funds own 48.73% of the company’s stock.
RCI Hospitality Holdings, Inc. (RICK) opened at $30.72 on Friday. The stock has a market cap of $307.99, a price-to-earnings ratio of 21.13 and a beta of 0.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.96. RCI Hospitality Holdings, Inc. has a 1-year low of $14.27 and a 1-year high of $33.78.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, December 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. RCI Hospitality’s dividend payout ratio (DPR) is presently 10.62%.
RICK has been the subject of several research analyst reports. Westpark Capital reiterated a “buy” rating and set a $30.00 price target on shares of RCI Hospitality in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Saturday, August 12th. Finally, ValuEngine downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
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RCI Hospitality Company Profile
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