Marshall Wace LLP Makes New Investment in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Marshall Wace LLP bought a new stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,072 shares of the restaurant operator's stock, valued at approximately $1,498,000. Marshall Wace LLP owned approximately 0.29% of RCI Hospitality at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its holdings in 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 period. American Century Companies Inc. boosted its position in shares of RCI Hospitality by 63.7% during the 4th 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 in the last quarter. Bank of New York Mellon Corp grew 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 buying an additional 14,919 shares during the period. ExodusPoint Capital Management LP bought a new stake in RCI Hospitality in the 4th quarter valued at about $771,000. Finally, Barclays PLC raised its stake in 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. Institutional investors and hedge funds own 53.82% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented 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 research note on Wednesday, April 9th.

RCI Hospitality Stock Up 2.8 %

Shares of RICK traded up $1.15 on Friday, reaching $41.71. The company's stock had a trading volume of 52,369 shares, compared to its average volume of 86,692. The stock has a market capitalization of $369.84 million, a PE ratio of 74.48 and a beta of 1.45. 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 twelve month low of $35.00 and a twelve month high of $61.66. The firm has a fifty day moving average of $42.67 and a 200-day moving average of $48.83.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued 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 dividend yield of 0.67%. RCI Hospitality's dividend payout ratio is presently 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.