RCI Hospitality Holdings Inc (NASDAQ:RICK) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 332,100 shares, a growth of 7.5% from the September 30th total of 309,000 shares. Based on an average daily volume of 73,600 shares, the short-interest ratio is currently 4.5 days. Currently, 4.0% of the company’s stock are sold short.

Several institutional investors have recently added to or reduced their stakes in RICK. Janney Montgomery Scott LLC increased its holdings in shares of RCI Hospitality by 3.6% in the second quarter. Janney Montgomery Scott LLC now owns 88,180 shares of the restaurant operator’s stock worth $1,544,000 after purchasing an additional 3,068 shares during the period. Scott & Selber Inc. increased its holdings in shares of RCI Hospitality by 25.0% in the second quarter. Scott & Selber Inc. now owns 25,000 shares of the restaurant operator’s stock worth $438,000 after purchasing an additional 5,000 shares during the period. GSA Capital Partners LLP increased its holdings in shares of RCI Hospitality by 48.3% in the second quarter. GSA Capital Partners LLP now owns 24,717 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 8,055 shares during the period. Wells Fargo & Company MN increased its holdings in shares of RCI Hospitality by 122.3% in the second quarter. Wells Fargo & Company MN now owns 39,336 shares of the restaurant operator’s stock worth $689,000 after purchasing an additional 21,642 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of RCI Hospitality by 20.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,575 shares of the restaurant operator’s stock worth $588,000 after purchasing an additional 5,675 shares during the period. 47.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. Zacks Investment Research lowered RCI Hospitality from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. ValuEngine lowered RCI Hospitality from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, TheStreet raised RCI Hospitality from a “c+” rating to a “b-” rating in a report on Friday, October 11th.

Shares of NASDAQ RICK traded down $0.27 during midday trading on Friday, reaching $19.11. The company’s stock had a trading volume of 48,600 shares, compared to its average volume of 61,204. The stock has a market capitalization of $186.47 million, a P/E ratio of 8.77, a PEG ratio of 0.50 and a beta of 1.07. RCI Hospitality has a 12-month low of $12.50 and a 12-month high of $26.06. The firm has a 50 day moving average price of $19.64 and a 200-day moving average price of $18.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.81 and a quick ratio of 0.72.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.63%. RCI Hospitality’s payout ratio is currently 7.34%.

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 owns 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.

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