RCI Hospitality (NASDAQ:RICK) Director Yura Barabash Acquires 888 Shares

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Yura Barabash acquired 888 shares of RCI Hospitality stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $27.29 per share, with a total value of $24,233.52. Following the completion of the acquisition, the director owned 2,037 shares of the company’s stock, valued at $55,589.73. This trade represents a 77.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

RCI Hospitality Stock Performance

Shares of RICK opened at $30.07 on Friday. The firm has a market cap of $229.73 million, a PE ratio of -73.34 and a beta of 0.76. The stock’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $24.87. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. RCI Hospitality Holdings, Inc. has a 1 year low of $20.76 and a 1 year high of $38.25.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.The company had revenue of $73.94 million during the quarter.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is currently -78.05%.

Hedge Funds Weigh In On RCI Hospitality

A number of large investors have recently made changes to their positions in the stock. JB Capital Partners LP purchased a new position in shares of RCI Hospitality in the second quarter valued at $1,639,200,000. BlackRock Inc. purchased a new stake in RCI Hospitality during the 2nd quarter worth about $16,785,000. Deutsche Bank AG purchased a new stake in RCI Hospitality during the 2nd quarter worth about $180,000. Bank of New York Mellon Corp bought a new position in RCI Hospitality in the 2nd quarter worth about $2,239,000. Finally, State of Wyoming bought a new position in RCI Hospitality in the 2nd quarter worth about $79,000. 53.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.