California Public Employees Retirement System Boosts Stock Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

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California Public Employees Retirement System lifted its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 5.7% in the third quarter, Holdings Channel.com reports. The firm owned 35,500 shares of the restaurant operator’s stock after purchasing an additional 1,900 shares during the quarter. California Public Employees Retirement System’s holdings in RCI Hospitality were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of RCI Hospitality by 9.0% in the 3rd quarter. Rhumbline Advisers now owns 14,348 shares of the restaurant operator’s stock worth $297,000 after purchasing an additional 1,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of RCI Hospitality by 6.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,224 shares of the restaurant operator’s stock worth $372,000 after purchasing an additional 1,242 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of RCI Hospitality by 3.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 88,180 shares of the restaurant operator’s stock worth $1,544,000 after purchasing an additional 3,068 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of RCI Hospitality by 2.5% in the 2nd quarter. Northern Trust Corp now owns 130,040 shares of the restaurant operator’s stock worth $2,277,000 after purchasing an additional 3,209 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of RCI Hospitality by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,089 shares of the restaurant operator’s stock worth $1,402,000 after purchasing an additional 4,264 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

RICK has been the subject of a number of research reports. TheStreet upgraded RCI Hospitality from a “c+” rating to a “b-” rating in a report on Friday, October 11th. ValuEngine cut RCI Hospitality from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded RCI Hospitality from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

Shares of RICK stock opened at $18.33 on Tuesday. The stock has a market capitalization of $176.34 million, a PE ratio of 8.41, a P/E/G ratio of 0.47 and a beta of 1.10. RCI Hospitality Holdings Inc has a 1-year low of $12.50 and a 1-year high of $25.94. The business has a 50-day moving average of $19.19 and a 200 day moving average of $17.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.81 and a quick ratio of 0.72.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.65%. The ex-dividend date is Monday, December 9th. RCI Hospitality’s dividend payout ratio is presently 7.34%.

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 owns 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.

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Institutional Ownership by Quarter for RCI Hospitality (NASDAQ:RICK)

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