XTX Topco Ltd Makes New Investment in RCI Hospitality Holdings Inc (NASDAQ:RICK)

XTX Topco Ltd acquired a new position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,543 shares of the restaurant operator's stock, valued at approximately $433,000. XTX Topco Ltd owned approximately 0.08% of RCI Hospitality as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of RCI Hospitality by 1,839.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator's stock valued at $8,938,000 after purchasing an additional 147,508 shares during the period. American Century Companies Inc. boosted its holdings in 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 buying an additional 40,822 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $3,773,000 after acquiring an additional 14,919 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in RCI Hospitality during the 4th quarter worth approximately $771,000. Finally, Barclays PLC grew its holdings 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 purchasing an additional 10,433 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RICK has been the subject of several research analyst reports. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. HC Wainwright restated a "buy" rating and issued a $98.00 price target on shares of RCI Hospitality in a report on Wednesday, April 9th.

RCI Hospitality Stock Up 1.6 %

Shares of NASDAQ:RICK traded up $0.64 during midday trading on Friday, reaching $40.45. 34,053 shares of the company were exchanged, compared to its average volume of 86,657. The stock has a fifty day simple moving average of $43.86 and a two-hundred day simple moving average of $48.92. RCI Hospitality Holdings Inc has a fifty-two week low of $35.00 and a fifty-two week high of $61.66. The firm has a market cap of $358.67 million, a PE ratio of 72.23 and a beta of 1.45. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

RCI Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio (DPR) is currently 50.00%.

About RCI Hospitality

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.