1 month ago
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Soumya Eswaran
Wed, July 29, 2026 astatine 7:47 AM CDT 2 min read
Ace River Capital, an concern absorption company, released its second-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. Ace River Capital Partners reported a +6.25% instrumentality successful the archetypal fractional of 2026, trailing the S&P 500's +9.55% and Russell 2000's +22.57% returns. Despite short‑term underperformance, the money emphasizes long‑term compounding done concentrated investments successful undervalued businesses with durable economics. The strategy remains diligent and disciplined, avoiding software, finance, and security businesses successful favour of asset-backed businesses with scarcity value. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.
In its Q2 2026 capitalist letter, Ace River Capital highlighted RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Headquartered successful Houston, Texas, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is simply a hospitality institution that owns and operates clubs and restaurants. On July 28, 2026, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) banal closed astatine $26.53 per share. One-month instrumentality of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) was -4.36%, and its shares are down 27.14% implicit the past 12 months. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has a marketplace capitalization of $202.81 million.
Ace River Capital stated the pursuing regarding RCI Hospitality Holdings, Inc. (NASDAQ:RICK) successful its Q2 2026 capitalist update:
"The concern thesis for RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has strengthened. The marketplace remains focused connected the New York litigation overhang portion overlooking the company's normalized escaped currency travel generation, invaluable owned existent estate, and agelong grounds of disciplined superior allocation. I judge the existent valuation materially understates intrinsic worth adjacent nether blimpish assumptions. Continued stock repurchases and intelligent superior allocation should heighten agelong word per-share value, portion eventual solution of the New York substance has the imaginable to region a meaningful overhang. My condemnation has accrued during the period, and RCI remains 1 of the Fund's largest investments."
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 13 hedge money portfolios held RCI Hospitality Holdings, Inc. (NASDAQ:RICK) astatine the extremity of the archetypal quarter, compared to 18 successful the erstwhile quarter. While we admit the imaginable of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
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