Insider Buying: RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Acquires 266 Shares of Stock

RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine purchased 266 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $47.00 per share, with a total value of $12,502.00. Following the transaction, the director now owns 11,645 shares in the company, valued at approximately $547,315. The trade was a 2.34 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Johnson Martin Elaine also recently made the following trade(s):

• On Friday, February 14th, Johnson Martin Elaine acquired 195 shares of RCI Hospitality stock. The stock was bought at an average price of $51.00 per share, with a total value of $9,945.00.

RCI Hospitality Stock Performance

Shares of RICK opened at $46.66 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $53.36 and a two-hundred day simple moving average of $49.52. The stock has a market cap of $413.73 million, a price-to-earnings ratio of 83.32 and a beta of 1.72. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $61.66.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, March 17th. RCI Hospitality’s dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RICK. HC Wainwright reissued a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, February 12th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in RCI Hospitality during the 3rd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of 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 acquiring an additional 498 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of RCI Hospitality by 356.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 660 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in RCI Hospitality during the 4th quarter valued at $53,000. Finally, AlphaQuest LLC raised its position in RCI Hospitality by 107.4% during the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

RCI Hospitality Company 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.