Heck Capital Advisors LLC Takes Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Heck Capital Advisors LLC bought a new position in RCI Hospitality Holdings Inc (NASDAQ:RICK) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 927 shares of the restaurant operator’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. raised its position in RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after buying an additional 498 shares during the last quarter. Quest Partners LLC purchased a new stake in RCI Hospitality in the third quarter valued at $29,000. FMR LLC grew its position in RCI Hospitality by 132.6% during the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,026 shares during the period. Copeland Capital Management LLC acquired a new position in shares of RCI Hospitality in the 3rd quarter valued at about $54,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of RCI Hospitality by 47.4% in the third quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after buying an additional 1,260 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a report on Monday, January 27th. StockNews.com cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

RCI Hospitality Price Performance

NASDAQ:RICK opened at $55.54 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $63.64. The stock’s 50-day moving average price is $54.70 and its 200-day moving average price is $48.64. The stock has a market capitalization of $494.31 million, a PE ratio of 173.57 and a beta of 1.57.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, December 16th. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

RCI Hospitality 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.