Short Interest in RCI Hospitality Holdings Inc (NASDAQ:RICK) Decreases By 27.5%

RCI Hospitality Holdings Inc (NASDAQ:RICK) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 549,400 shares, a drop of 27.5% from the December 15th total of 758,100 shares. Based on an average daily volume of 90,300 shares, the days-to-cover ratio is currently 6.1 days. Approximately 6.7% of the company’s stock are short sold.

RCI Hospitality Stock Up 0.2 %

NASDAQ RICK traded up $0.12 during trading hours on Friday, hitting $52.32. The company’s stock had a trading volume of 43,846 shares, compared to its average volume of 79,795. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83. The company’s 50-day simple moving average is $53.64 and its two-hundred day simple moving average is $47.65. The company has a market capitalization of $465.65 million, a PE ratio of 163.51 and a beta of 1.57. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $63.76.

RCI Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. RCI Hospitality’s payout ratio is 87.50%.

Institutional Investors Weigh In On RCI Hospitality

Several institutional investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in RCI Hospitality during the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 498 shares in the last quarter. Copeland Capital Management LLC purchased a new position in RCI Hospitality during the third quarter worth about $54,000. Victory Capital Management Inc. bought a new stake in RCI Hospitality in the 2nd quarter worth about $76,000. Finally, FMR LLC grew its position in RCI Hospitality by 132.6% in 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 in the last quarter. Institutional investors own 53.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. HC Wainwright reaffirmed a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research report on Friday, January 10th.

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.