RCI Hospitality Holdings, Inc. (RICK) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,400 shares of the restaurant operator’s stock after purchasing an additional 2,700 shares during the quarter. Bessemer Group Inc. owned 0.12% of RCI Hospitality worth $319,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sei Investments Co. raised its position in RCI Hospitality by 38.4% in the third quarter. Sei Investments Co. now owns 11,284 shares of the restaurant operator’s stock valued at $279,000 after purchasing an additional 3,131 shares during the period. Nationwide Fund Advisors raised its position in RCI Hospitality by 269.6% in the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 4,995 shares during the period. Nordea Investment Management AB raised its position in RCI Hospitality by 66.3% in the third quarter. Nordea Investment Management AB now owns 15,800 shares of the restaurant operator’s stock valued at $391,000 after purchasing an additional 6,300 shares during the period. ClariVest Asset Management LLC raised its position in RCI Hospitality by 26.4% in the third quarter. ClariVest Asset Management LLC now owns 33,401 shares of the restaurant operator’s stock valued at $827,000 after purchasing an additional 6,983 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in RCI Hospitality by 1,244.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 8,117 shares during the period. Institutional investors own 48.69% of the company’s stock.

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) opened at $27.28 on Wednesday. RCI Hospitality Holdings, Inc. has a one year low of $16.02 and a one year high of $33.78. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $272.59, a price-to-earnings ratio of 24.33 and a beta of 0.33.

A number of research firms have commented on RICK. ValuEngine upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Westpark Capital set a $34.00 target price on RCI Hospitality and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research cut RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th.

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About RCI Hospitality

With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.

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

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