RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 1,839.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,525 shares of the restaurant operator's stock after acquiring an additional 147,508 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.75% of RCI Hospitality worth $8,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RICK. State Street Corp boosted its position in shares of RCI Hospitality by 1.0% in the 3rd quarter. State Street Corp now owns 196,913 shares of the restaurant operator's stock worth $8,772,000 after purchasing an additional 2,023 shares in the last quarter. American Century Companies Inc. raised its stake in RCI Hospitality by 63.7% in the fourth quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator's stock valued at $6,030,000 after buying an additional 40,822 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $3,912,000 after acquiring an additional 363 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in RCI Hospitality by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator's stock worth $3,773,000 after acquiring an additional 14,919 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock worth $605,000 after acquiring an additional 10,433 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Stock Performance

RCI Hospitality stock traded down $0.13 during trading hours on Friday, hitting $37.16. 76,859 shares of the stock traded hands, compared to its average volume of 86,260. The firm's 50 day moving average price is $46.65 and its 200-day moving average price is $49.17. 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 stock has a market capitalization of $329.50 million, a price-to-earnings ratio of 66.36 and a beta of 1.45. RCI Hospitality Holdings Inc has a 1 year low of $35.00 and a 1 year high of $61.66.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. RCI Hospitality's dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday. StockNews.com raised 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.