Aptus Capital Advisors LLC Cuts Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Aptus Capital Advisors LLC lowered its stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICKGet Rating) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,600 shares of the restaurant operator’s stock after selling 1,303 shares during the quarter. Aptus Capital Advisors LLC owned 0.37% of RCI Hospitality worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in RCI Hospitality during the fourth quarter worth about $772,000. Centaurus Financial Inc. boosted its holdings in shares of RCI Hospitality by 12.1% in the 4th quarter. Centaurus Financial Inc. now owns 24,019 shares of the restaurant operator’s stock valued at $1,871,000 after purchasing an additional 2,591 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of RCI Hospitality in the 4th quarter valued at $544,000. Formidable Asset Management LLC increased its position in shares of RCI Hospitality by 18.7% in the 4th quarter. Formidable Asset Management LLC now owns 14,746 shares of the restaurant operator’s stock worth $1,148,000 after purchasing an additional 2,320 shares during the last quarter. Finally, Potomac Capital Management Inc. acquired a new position in shares of RCI Hospitality in the 4th quarter valued at about $537,000. Institutional investors and hedge funds own 53.19% of the company’s stock.

RCI Hospitality Stock Up 3.8 %

Shares of NASDAQ RICK opened at $54.78 on Thursday. The firm has a market capitalization of $508.91 million, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.89. The company has a current ratio of 1.73, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. RCI Hospitality Holdings Inc has a 1 year low of $46.49 and a 1 year high of $94.33. The firm’s 50-day moving average is $52.61 and its 200-day moving average is $61.49.

RCI Hospitality (NASDAQ:RICKGet Rating) last released its earnings results on Monday, May 9th. The restaurant operator reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). The firm had revenue of $63.69 million during the quarter, compared to the consensus estimate of $64.33 million. RCI Hospitality had a net margin of 15.16% and a return on equity of 23.93%. Equities analysts expect that RCI Hospitality Holdings Inc will post 4.86 EPS for the current year.

RCI Hospitality announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 24th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. RCI Hospitality’s payout ratio is 5.13%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st.

RCI Hospitality Company Profile

(Get Rating)

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.

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

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