ExodusPoint Capital Management LP Buys New Shares in RCI Hospitality Holdings Inc (NASDAQ:RICK)

ExodusPoint Capital Management LP acquired a new position in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,411 shares of the restaurant operator's stock, valued at approximately $771,000. ExodusPoint Capital Management LP owned 0.15% of RCI Hospitality as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RICK. Heck Capital Advisors LLC purchased a new stake in RCI Hospitality in the 4th quarter worth about $53,000. AlphaQuest LLC increased its stake in shares of RCI Hospitality by 107.4% in the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 693 shares in the last quarter. FMR LLC raised its position in shares of RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator's stock valued at $80,000 after purchasing an additional 1,026 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of RCI Hospitality by 47.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator's stock valued at $175,000 after buying an additional 1,260 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in RCI Hospitality in the 4th quarter worth approximately $211,000. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RICK. StockNews.com raised RCI Hospitality from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. HC Wainwright restated a "buy" rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th.

RCI Hospitality Price Performance

Shares of RCI Hospitality stock traded up $0.35 on Thursday, hitting $37.16. 15,142 shares of the company traded hands, compared to its average volume of 85,938. RCI Hospitality Holdings Inc has a 12-month low of $35.00 and a 12-month high of $61.66. The firm's 50-day simple moving average is $45.72 and its 200 day simple moving average is $48.99. The company has a market cap of $329.50 million, a P/E ratio of 66.36 and a beta of 1.45. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.75%. The ex-dividend date was Monday, March 17th. RCI Hospitality's dividend payout ratio (DPR) is currently 50.00%.

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'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.