Axa increased its stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 41.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,344 shares of the restaurant operator’s stock after acquiring an additional 14,500 shares during the quarter. Axa owned approximately 0.51% of RCI Hospitality Holdings worth $1,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in RCI Hospitality Holdings by 1.2% during the first quarter. Renaissance Technologies LLC now owns 592,000 shares of the restaurant operator’s stock worth $10,253,000 after acquiring an additional 7,200 shares in the last quarter. Segantii Capital Management Ltd boosted its stake in RCI Hospitality Holdings by 552.6% during the first quarter. Segantii Capital Management Ltd now owns 12,400 shares of the restaurant operator’s stock worth $215,000 after acquiring an additional 10,500 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in RCI Hospitality Holdings by 58.0% during the first quarter. ClariVest Asset Management LLC now owns 25,418 shares of the restaurant operator’s stock worth $440,000 after acquiring an additional 9,334 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in RCI Hospitality Holdings by 46.4% during the first quarter. Russell Investments Group Ltd. now owns 30,788 shares of the restaurant operator’s stock worth $533,000 after acquiring an additional 9,753 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in RCI Hospitality Holdings by 2.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 10,298 shares of the restaurant operator’s stock worth $246,000 after acquiring an additional 219 shares in the last quarter. 48.47% of the stock is currently owned by institutional investors and hedge funds.

RICK has been the topic of several research analyst reports. Westpark Capital reissued a “buy” rating and set a $30.00 target price (up from $29.00) on shares of RCI Hospitality Holdings in a research note on Thursday, June 8th. Zacks Investment Research lowered shares of RCI Hospitality Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

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RCI Hospitality Holdings, Inc. (NASDAQ:RICK) opened at 24.85 on Friday. The firm has a market cap of $241.49 million, a P/E ratio of 22.47 and a beta of 0.28. The firm’s 50-day moving average is $23.95 and its 200 day moving average is $20.84. RCI Hospitality Holdings, Inc. has a 12-month low of $10.92 and a 12-month high of $26.85.

RCI Hospitality Holdings (NASDAQ:RICK) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $37.43 million for the quarter, compared to analysts’ expectations of $37.64 million. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities analysts forecast that RCI Hospitality Holdings, Inc. will post $1.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, September 8th. RCI Hospitality Holdings’s dividend payout ratio (DPR) is presently 10.62%.

About RCI Hospitality Holdings

Institutional Ownership by Quarter for RCI Hospitality Holdings (NASDAQ:RICK)

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