RCI Hospitality Holdings Inc (NASDAQ:RICK) Sees Significant Increase in Short Interest

RCI Hospitality Holdings Inc (NASDAQ:RICK) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 332,100 shares, an increase 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 presently 4.5 days. Approximately 4.0% of the shares of the stock are short sold.

Several brokerages have commented on RICK. ValuEngine downgraded shares of RCI Hospitality from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research downgraded shares of RCI Hospitality from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, TheStreet raised shares of RCI Hospitality from a “c+” rating to a “b-” rating in a report on Friday, October 11th.

Shares of NASDAQ RICK traded down $0.09 during mid-day trading on Monday, reaching $19.02. 46,100 shares of the company were exchanged, compared to its average volume of 63,687. RCI Hospitality has a 52 week low of $12.50 and a 52 week high of $25.94. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $186.37 million, a PE ratio of 8.72, a PEG ratio of 0.50 and a beta of 1.07. The company’s 50 day moving average price is $19.56 and its 200 day moving average price is $18.12.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th 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 0.63%. The ex-dividend date of this dividend is Monday, December 9th. RCI Hospitality’s dividend payout ratio is currently 7.34%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of RCI Hospitality during the 3rd quarter worth $219,000. Ridgewood Investments LLC bought a new stake in shares of RCI Hospitality during the 3rd quarter worth $261,000. Rhumbline Advisers lifted its holdings in shares of RCI Hospitality by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 14,348 shares of the restaurant operator’s stock worth $297,000 after acquiring an additional 1,185 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of RCI Hospitality during the 2nd quarter worth $319,000. Finally, First Trust Advisors LP lifted its holdings in shares of RCI Hospitality by 15.0% during the 3rd quarter. First Trust Advisors LP now owns 18,762 shares of the restaurant operator’s stock worth $388,000 after acquiring an additional 2,443 shares during the last quarter. 47.00% of the stock is owned by institutional investors.

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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