26,072 Shares in RCI Hospitality Holdings Inc (NASDAQ:RICK) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of RCI Hospitality in the fourth quarter worth $53,000. AlphaQuest LLC lifted its position in shares of RCI Hospitality by 107.4% in the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 693 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of RCI Hospitality in the fourth quarter worth $211,000. TT Capital Management LLC bought a new stake in shares of RCI Hospitality in the fourth quarter worth $250,000. Finally, Wells Fargo & Company MN lifted its position in shares of RCI Hospitality by 38.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,839 shares of the restaurant operator's stock worth $278,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors own 53.82% of the company's stock.

RCI Hospitality Price Performance

Shares of NASDAQ RICK traded up $0.88 during midday trading on Thursday, reaching $40.56. 47,607 shares of the company were exchanged, compared to its average volume of 86,459. The stock's 50-day moving average price is $42.86 and its 200-day moving average price is $48.78. The stock has a market cap of $359.65 million, a P/E ratio of 72.43 and a beta of 1.45. RCI Hospitality Holdings Inc has a one year low of $35.00 and a one year high of $61.66. 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 Dividend Announcement

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

Analysts Set New Price Targets

RICK has been the topic of several analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, April 9th. StockNews.com upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research 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.