ClariVest Asset Management LLC boosted its position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 26.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,401 shares of the restaurant operator’s stock after acquiring an additional 6,983 shares during the period. ClariVest Asset Management LLC owned 0.34% of RCI Hospitality worth $827,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in RICK. AJO LP purchased a new position in RCI Hospitality during the 2nd quarter valued at about $2,900,000. State Street Corp purchased a new position in shares of RCI Hospitality during the second quarter worth about $2,508,000. Northern Trust Corp grew its holdings in shares of RCI Hospitality by 172.4% during the second quarter. Northern Trust Corp now owns 125,642 shares of the restaurant operator’s stock worth $2,996,000 after purchasing an additional 79,510 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of RCI Hospitality during the second quarter worth about $1,867,000. Finally, Acadian Asset Management LLC grew its holdings in shares of RCI Hospitality by 17.1% during the second quarter. Acadian Asset Management LLC now owns 286,500 shares of the restaurant operator’s stock worth $6,831,000 after purchasing an additional 41,890 shares in the last quarter. Institutional investors and hedge funds own 48.73% of the company’s stock.
Shares of RCI Hospitality Holdings, Inc. (RICK) traded up $0.36 during mid-day trading on Thursday, reaching $31.69. The company’s stock had a trading volume of 56,648 shares, compared to its average volume of 69,133. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. RCI Hospitality Holdings, Inc. has a 12-month low of $13.86 and a 12-month high of $33.78. The company has a market capitalization of $302.65, a P/E ratio of 20.76 and a beta of 0.33.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, December 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. RCI Hospitality’s dividend payout ratio is presently 10.62%.
RICK has been the subject of several recent analyst reports. Westpark Capital set a $30.00 price objective on RCI Hospitality and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research raised RCI Hospitality from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Saturday, August 12th. Finally, ValuEngine lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
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About RCI Hospitality
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