Merriman Initiates Coverage on RCI Hospitality Holdings to Buy

Merriman Initiates Coverage on RCI Hospitality Holdings(NASDAQ:RICK). The shares have been rated Buy. The rating by Merriman was issued on Apr 11, 2016.

RCI Hospitality Holdings (RICK) made into the market gainers list on Fridays trading session with the shares advancing 1.52% or 0.15 points. Due to strong positive momentum, the stock ended at $10.03, which is also near the day’s high of $10.14. The stock began the session at $9.88 and the volume stood at 34,896 shares. The 52-week high of the shares is $12.5 and the 52 week low is $7.5. The company has a current market capitalization of $100 M and it has 99,48,048 shares in outstanding.

RCI Hospitality Holdings(RICK) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.30.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Eric Scott Langan (CEO) purchased 1,474 shares at $9.26 per share price.Also, On Feb 24, 2016, Luke Charles Lirot (director) purchased 518 shares at $8.60 per share price.On Feb 23, 2016, Travis Reese (V.P./Director of Technology) purchased 140 shares at $8.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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