RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 233.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,784 shares of the restaurant operator’s stock after acquiring an additional 4,049 shares during the quarter. Victory Capital Management Inc.’s holdings in RCI Hospitality were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted 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 valued at $3,912,000 after acquiring an additional 363 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $3,773,000 after acquiring an additional 14,919 shares during the period. Heck Capital Advisors LLC acquired a new position in RCI Hospitality in the fourth quarter valued at approximately $53,000. Brighton Jones LLC acquired a new position in shares of RCI Hospitality during the 4th quarter worth approximately $211,000. Finally, Barclays PLC raised its stake in shares of RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after buying an additional 10,433 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Stock Down 1.0 %

NASDAQ RICK opened at $45.14 on Friday. The business has a fifty day moving average price of $51.04 and a 200 day moving average price of $49.49. RCI Hospitality Holdings Inc has a one year low of $37.61 and a one year high of $61.66. 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 company has a market cap of $400.26 million, a P/E ratio of 80.61 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. Investors of record on Monday, March 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, March 17th. RCI Hospitality’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RICK shares. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. HC Wainwright reaffirmed a “buy” rating and set a $98.00 target price on shares of RCI Hospitality 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.