Insider Buying: RCI Hospitality (NASDAQ:RICK) Director Acquires $17,398.95 in Stock

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Elaine Martin purchased 601 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of $28.95 per share, with a total value of $17,398.95. Following the purchase, the director owned 12,352 shares in the company, valued at $357,590.40. This represents a 5.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RCI Hospitality Stock Down 1.6%

Shares of RICK opened at $28.02 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. RCI Hospitality Holdings, Inc. has a 12 month low of $20.76 and a 12 month high of $32.02. The stock’s 50 day moving average is $28.13 and its two-hundred day moving average is $25.98. The firm has a market cap of $214.07 million, a P/E ratio of -68.34 and a beta of 0.78.

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

RCI Hospitality Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a report on Monday, August 31st. Wall Street Zen raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of RCI Hospitality

Several institutional investors have recently made changes to their positions in RICK. Squarepoint Ops LLC acquired a new stake in RCI Hospitality during the second quarter worth $224,000. Hsbc Holdings PLC purchased a new position in shares of RCI Hospitality during the 2nd quarter worth $289,000. Man Group plc purchased a new position in shares of RCI Hospitality during the 2nd quarter worth $1,085,000. PDT Partners LLC acquired a new stake in shares of RCI Hospitality during the 2nd quarter worth about $1,184,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of RCI Hospitality during the 2nd quarter worth about $355,000. Hedge funds and other institutional investors own 53.82% of the company’s stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company’s adult entertainment venues operate under brands that include Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret and Scarlett’s Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.