RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 330.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,593 shares of the restaurant operator’s stock after purchasing an additional 10,433 shares during the quarter. Barclays PLC owned 0.15% of RCI Hospitality worth $605,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RICK. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of RCI Hospitality by 254.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after buying an additional 498 shares during the last quarter. Quest Partners LLC acquired a new stake in RCI Hospitality during the third quarter worth about $29,000. FMR LLC boosted its stake 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 period. Copeland Capital Management LLC bought a new position in shares of RCI Hospitality during the third quarter valued at approximately $54,000. Finally, BNP Paribas Financial Markets raised its position in shares of RCI Hospitality by 47.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 1,260 shares during the period. Institutional investors and hedge funds own 53.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RICK. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. HC Wainwright reissued a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a report on Friday, January 10th.

RCI Hospitality Stock Performance

RICK opened at $52.20 on Friday. RCI Hospitality Holdings Inc has a twelve month low of $37.61 and a twelve month high of $63.76. The stock has a market cap of $464.58 million, a PE ratio of 163.13 and a beta of 1.57. The business’s 50 day moving average is $53.53 and its 200-day moving average is $47.54. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83.

RCI Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.07 per share. The ex-dividend date was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.54%. RCI Hospitality’s dividend payout ratio (DPR) 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.