BNP Paribas Financial Markets Acquires 1,260 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

BNP Paribas Financial Markets lifted its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 47.4% in the third quarter, HoldingsChannel reports. The fund owned 3,921 shares of the restaurant operator’s stock after buying an additional 1,260 shares during the period. BNP Paribas Financial Markets’ holdings in RCI Hospitality were worth $175,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Quest Partners LLC purchased a new position in RCI Hospitality in the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new position in shares of RCI Hospitality during the third quarter valued at about $54,000. Victory Capital Management Inc. purchased a new position in shares of RCI Hospitality in the second quarter worth about $76,000. FMR LLC lifted its stake in shares of RCI Hospitality by 132.6% in the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,026 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in RCI Hospitality during the 2nd quarter valued at about $88,000. Hedge funds and other institutional investors own 53.82% of the company’s stock.

RCI Hospitality Stock Performance

Shares of NASDAQ:RICK opened at $58.04 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $48.19 and a 200-day moving average price of $45.76. The company has a market cap of $522.19 million, a price-to-earnings ratio of 181.38 and a beta of 1.60. RCI Hospitality Holdings Inc has a 12 month low of $37.61 and a 12 month high of $68.26.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, December 16th. RCI Hospitality’s payout ratio is 87.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RICK shares. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, November 6th. StockNews.com downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.