Sei Investments Co. decreased its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 14.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,478 shares of the restaurant operator’s stock after selling 1,725 shares during the period. Sei Investments Co.’s holdings in RCI Hospitality were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RICK. Millennium Management LLC raised its position in RCI Hospitality by 114.5% during the 1st quarter. Millennium Management LLC now owns 120,826 shares of the restaurant operator’s stock valued at $3,430,000 after purchasing an additional 64,492 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of RCI Hospitality in the 1st quarter worth approximately $289,000. Citigroup Inc. raised its position in shares of RCI Hospitality by 686.0% in the 1st quarter. Citigroup Inc. now owns 10,241 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 8,938 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of RCI Hospitality by 35.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,500 shares of the restaurant operator’s stock worth $617,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of RCI Hospitality by 31.3% in the 2nd quarter. Bessemer Group Inc. now owns 13,000 shares of the restaurant operator’s stock worth $411,000 after acquiring an additional 3,100 shares in the last quarter. 49.31% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. BidaskClub lowered RCI Hospitality from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 15th. Zacks Investment Research lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Westpark Capital reissued a “buy” rating and issued a $34.00 target price on shares of RCI Hospitality in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.00.

Shares of NASDAQ:RICK opened at $30.55 on Tuesday. RCI Hospitality Holdings Inc has a 52-week low of $23.96 and a 52-week high of $34.84. The company has a market capitalization of $299.41 million, a PE ratio of 21.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 1.14.

RCI Hospitality (NASDAQ:RICK) last announced its earnings results on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. The firm had revenue of $42.63 million during the quarter, compared to analyst estimates of $40.97 million. equities research analysts forecast that RCI Hospitality Holdings Inc will post 2.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Monday, September 10th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, September 7th. RCI Hospitality’s dividend payout ratio is currently 8.39%.

About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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

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