Charles Schwab Investment Management Inc. Buys 363 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Charles Schwab Investment Management Inc. raised its stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,070 shares of the restaurant operator’s stock after purchasing an additional 363 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of RCI Hospitality worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RICK. Bank of New York Mellon Corp grew its position in shares of RCI Hospitality by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock worth $3,773,000 after buying an additional 14,919 shares during the last quarter. Barclays PLC boosted its stake in RCI Hospitality by 330.2% in the third 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 in the last quarter. Brighton Jones LLC purchased a new position in RCI Hospitality in the fourth quarter worth $211,000. Point72 Asset Management L.P. increased its position 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 worth $221,000 after purchasing an additional 2,948 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RCI Hospitality by 20.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock valued at $602,000 after purchasing an additional 2,252 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Price Performance

Shares of RICK opened at $45.72 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. The company’s fifty day moving average price is $50.63 and its 200-day moving average price is $49.58. RCI Hospitality Holdings Inc has a 1-year low of $37.61 and a 1-year high of $61.66. The firm has a market capitalization of $405.40 million, a PE ratio of 81.64 and a beta of 1.72.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, March 17th. RCI Hospitality’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on RICK shares. HC Wainwright reaffirmed a “buy” rating and set 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 research note on Wednesday, February 12th.

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.