39,724 Shares in RCI Hospitality Holdings, Inc. $RICK Acquired by Man Group plc

Man Group plc purchased a new position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,724 shares of the restaurant operator’s stock, valued at approximately $1,085,000. Man Group plc owned about 0.52% of RCI Hospitality as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RICK. BlackRock Inc. acquired a new stake in shares of RCI Hospitality in the 2nd quarter valued at $16,785,000. Vanguard Group Inc. grew its stake in shares of RCI Hospitality by 2.9% during the third quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock worth $15,772,000 after purchasing an additional 14,603 shares in the last quarter. Steel Partners Holdings L.P. purchased a new position in RCI Hospitality in the fourth quarter valued at $7,459,000. State Street Corp increased its holdings in RCI Hospitality by 0.4% in the fourth quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock valued at $4,414,000 after buying an additional 698 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in RCI Hospitality by 4.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock valued at $5,449,000 after buying an additional 7,140 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RICK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a report on Monday. Wall Street Zen downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

RCI Hospitality Trading Up 1.4%

NASDAQ RICK opened at $29.44 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. The firm’s fifty day moving average price is $27.71 and its 200 day moving average price is $25.49. The company has a market capitalization of $224.92 million, a price-to-earnings ratio of -71.80 and a beta of 0.78. RCI Hospitality Holdings, Inc. has a 12 month low of $20.76 and a 12 month high of $36.72.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The firm had revenue of $73.94 million during the quarter.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. RCI Hospitality’s payout ratio is presently -78.05%.

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.