RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 20.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,507 shares of the restaurant operator’s stock after purchasing an additional 2,252 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of RCI Hospitality worth $602,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in RCI Hospitality during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new position in shares of RCI Hospitality during the 3rd quarter valued at $54,000. Victory Capital Management Inc. purchased a new stake in RCI Hospitality during the 2nd quarter worth $76,000. FMR LLC increased its holdings in RCI Hospitality by 132.6% in the 3rd 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 in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in RCI Hospitality in the second quarter valued at about $88,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

Analysts Set New Price Targets

RICK has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday. StockNews.com downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday.

RCI Hospitality Stock Performance

Shares of RICK stock opened at $56.80 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82. The company’s fifty day moving average price is $48.80 and its two-hundred day moving average price is $45.91. The firm has a market capitalization of $511.03 million, a P/E ratio of 109.23 and a beta of 1.60. RCI Hospitality Holdings Inc has a 12 month low of $37.61 and a 12 month high of $68.26.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.49%. RCI Hospitality’s dividend payout ratio is presently 87.50%.

RCI Hospitality 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.