Barclays PLC Buys 10,433 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Barclays PLC lifted its stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 330.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,593 shares of the restaurant operator’s stock after purchasing an additional 10,433 shares during the period. Barclays PLC owned approximately 0.15% of RCI Hospitality worth $605,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RICK. Quest Partners LLC acquired a new position in RCI Hospitality during the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 498 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of RCI Hospitality during the third quarter valued at $54,000. Victory Capital Management Inc. bought a new position in RCI Hospitality in the second quarter valued at about $76,000. Finally, FMR LLC boosted its holdings in RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,026 shares during the last quarter. 53.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RICK has been the subject of several recent research reports. HC Wainwright reissued a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, December 18th. StockNews.com lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Stock Down 0.3 %

Shares of RCI Hospitality stock opened at $57.47 on Thursday. RCI Hospitality Holdings Inc has a 12 month low of $37.61 and a 12 month high of $67.14. The business has a fifty day simple moving average of $51.36 and a 200 day simple moving average of $46.71. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The stock has a market cap of $511.48 million, a PE ratio of 110.52 and a beta of 1.60.

RCI Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

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’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.