RCI Hospitality Holdings Inc. (NASDAQ:RICK) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.35 and last traded at $11.29, with a volume of 25,005 shares trading hands. The stock had previously closed at $11.24.

Separately, Zacks Investment Research cut shares of RCI Hospitality Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.

The firm has a market capitalization of $111.60 million, a P/E ratio of 10.53 and a beta of 0.75. The stock’s 50 day moving average price is $10.94 and its 200 day moving average price is $10.30.

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The business also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. RCI Hospitality Holdings’s dividend payout ratio (DPR) is currently 10.91%.

A number of institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in shares of RCI Hospitality Holdings by 8.1% in the second quarter. Parametric Portfolio Associates LLC now owns 12,636 shares of the company’s stock worth $129,000 after buying an additional 944 shares during the period. Scott & Selber Inc. bought a new position in shares of RCI Hospitality Holdings during the second quarter worth approximately $204,000. Oxford Asset Management bought a new position in shares of RCI Hospitality Holdings during the second quarter worth approximately $207,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of RCI Hospitality Holdings by 34.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 28,233 shares of the company’s stock worth $250,000 after buying an additional 7,246 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of RCI Hospitality Holdings by 2.0% in the first quarter. BlackRock Fund Advisors now owns 29,792 shares of the company’s stock worth $264,000 after buying an additional 595 shares during the period. 30.76% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Holdings Company Profile

Rick’s Cabaret International, Inc (Rick’s) through its subsidiaries, owns and operates nightclubs that offer live adult entertainment, restaurant and bar operations. The Company has 19 adult nightclubs, out of which six of its clubs operate under the name Rick’s Cabaret; four operate under the name Club Onyx; five operate under the name tic Cabaret; one club operates as Tootsie’s Cabaret and one operates as Cabaret North.

5 Day Chart for NASDAQ:RICK

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