RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 29.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,654 shares of the restaurant operator’s stock after purchasing an additional 14,919 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of RCI Hospitality worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC increased its position in RCI Hospitality by 330.2% in the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 10,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of RCI Hospitality by 20.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 2,252 shares in the last quarter. Quest Partners LLC acquired a new position in shares of RCI Hospitality during the third quarter valued at $29,000. Point72 Asset Management L.P. raised its stake in shares of RCI Hospitality by 146.4% during the third quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 2,948 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in RCI Hospitality by 47.4% in the third 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 own 53.82% of the company’s stock.

RCI Hospitality Stock Down 1.8 %

Shares of RICK stock opened at $45.44 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. The stock has a market cap of $402.92 million, a PE ratio of 81.14 and a beta of 1.72. The business’s fifty day moving average is $51.65 and its 200-day moving average is $49.51. RCI Hospitality Holdings Inc has a 1 year low of $37.61 and a 1 year high of $61.66.

RCI Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 17th. RCI Hospitality’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

RICK has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, February 12th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

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.