LPL Financial LLC Sells 734 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

LPL Financial LLC decreased its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,504 shares of the restaurant operator’s stock after selling 734 shares during the quarter. LPL Financial LLC owned approximately 0.16% of RCI Hospitality worth $834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RICK. State Street Corp raised its holdings in RCI Hospitality by 1.0% during the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock valued at $8,772,000 after buying an additional 2,023 shares in the last quarter. American Century Companies Inc. boosted its position 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 purchasing an additional 40,822 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 363 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of 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 worth $3,773,000 after buying an additional 14,919 shares during the last quarter. Finally, Barclays PLC boosted its holdings 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. Institutional investors own 53.82% of the company’s stock.

Analysts Set New Price Targets

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

RCI Hospitality Stock Performance

NASDAQ RICK opened at $37.65 on Tuesday. The company’s fifty day moving average is $44.87 and its two-hundred day moving average is $48.97. The firm has a market capitalization of $333.84 million, a price-to-earnings ratio of 67.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. RCI Hospitality Holdings Inc has a 52-week low of $35.00 and a 52-week high of $61.66.

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 issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.74%. RCI Hospitality’s dividend payout ratio (DPR) is 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.