GSA Capital Partners LLP Acquires New Holdings in RCI Hospitality Holdings, Inc. $RICK

GSA Capital Partners LLP bought a new stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) during the third quarter, Holdings Channel.com reports. The institutional investor bought 22,476 shares of the restaurant operator’s stock, valued at approximately $686,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of RCI Hospitality by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock valued at $15,772,000 after acquiring an additional 14,603 shares during the period. SummerHaven Investment Management LLC acquired a new stake in RCI Hospitality in the 3rd quarter valued at approximately $639,000. CWM LLC raised its position in RCI Hospitality by 1,256.9% in the third quarter. CWM LLC now owns 1,954 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 1,810 shares during the period. TT Capital Management LLC acquired a new position in RCI Hospitality during the second quarter worth $766,000. Finally, BNP Paribas Financial Markets boosted its position in shares of RCI Hospitality by 62.0% during the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after buying an additional 324 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $98.00.

RCI Hospitality Stock Up 0.6%

Shares of NASDAQ RICK opened at $23.24 on Friday. The stock has a market cap of $202.65 million, a P/E ratio of 12.49 and a beta of 0.90. The business’s fifty day simple moving average is $24.12 and its 200-day simple moving average is $27.64. RCI Hospitality Holdings, Inc. has a 12-month low of $21.88 and a 12-month high of $54.53. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.83.

RCI Hospitality Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, December 15th. RCI Hospitality’s dividend payout ratio (DPR) is presently 15.05%.

RCI Hospitality Profile

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.