Bank of New York Mellon Corp Purchases 14,919 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Bank of New York Mellon Corp raised its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,654 shares of the restaurant operator's stock after buying 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RICK. Barclays PLC lifted its position in RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock valued at $605,000 after buying an additional 10,433 shares during the period. Brighton Jones LLC bought a new position in shares of RCI Hospitality during the fourth quarter valued at $211,000. Point72 Asset Management L.P. increased its holdings 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 acquiring an additional 2,948 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RCI Hospitality by 20.0% during 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 valued at $602,000 after acquiring an additional 2,252 shares in the last quarter. Finally, State Street Corp increased 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 acquiring an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently weighed in on RICK. StockNews.com upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. HC Wainwright restated a "buy" rating and set a $98.00 price target on shares of RCI Hospitality in a report on Wednesday, February 12th.

RCI Hospitality Stock Performance

NASDAQ RICK traded down $0.45 during trading hours on Friday, hitting $45.14. The company's stock had a trading volume of 72,605 shares, compared to its average volume of 83,752. RCI Hospitality Holdings Inc has a 12 month low of $37.61 and a 12 month high of $61.66. The company's 50 day simple moving average is $51.04 and its two-hundred day simple moving average is $49.45. The company has a market cap of $400.26 million, a P/E ratio of 80.61 and a beta of 1.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.62%. RCI Hospitality's payout ratio is 50.00%.

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.