XTX Topco Ltd Acquires New Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

XTX Topco Ltd bought a new position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 7,543 shares of the restaurant operator’s stock, valued at approximately $433,000.

A number of other hedge funds have also bought and sold shares of the stock. State Street Corp grew its holdings in shares of RCI Hospitality by 1.0% during the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock valued at $8,772,000 after buying an additional 2,023 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of RCI Hospitality by 1,839.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator’s stock worth $8,938,000 after purchasing an additional 147,508 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of RCI Hospitality by 63.7% during the fourth quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator’s stock worth $6,030,000 after purchasing an additional 40,822 shares during the period. Charles Schwab Investment Management Inc. boosted its position in RCI Hospitality by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after buying an additional 363 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 period. Institutional investors and hedge funds own 53.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RICK. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, April 9th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

RCI Hospitality Trading Up 0.4 %

Shares of NASDAQ:RICK opened at $37.65 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81. RCI Hospitality Holdings Inc has a 12-month low of $35.00 and a 12-month high of $61.66. The business has a 50 day moving average of $44.87 and a two-hundred day moving average of $48.97. The company has a market capitalization of $333.84 million, a PE ratio of 67.23 and a beta of 1.45.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, March 17th. RCI Hospitality’s dividend payout ratio (DPR) is presently 50.00%.

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.