AWM Investment Company Inc. Invests $5.39 Million in Reservoir Media, Inc. $RSVR

Key Points

• AWM Investment Company acquired 545,453 shares of Reservoir Media worth approximately $5.39 million, giving it a 0.83% stake. Institutional investors collectively owned 44.38% of the company, with BlackRock also establishing a significant new position.
• Reservoir Media reported quarterly EPS of $0.07, beating estimates of $0.05, while revenue reached $47.5 million versus expectations of $44.45 million. Analysts project full-year EPS of $0.13.
• Shares opened at $9.94 and have traded between $7.07 and $13.39 over the past year. The stock carries an overall “Hold” rating, and Weiss Ratings recently downgraded it from “hold (c)” to “hold (c-).”

AWM Investment Company Inc. acquired a new stake in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 545,453 shares of the company's stock, valued at approximately $5,395,000. AWM Investment Company Inc. owned 0.83% of Reservoir Media at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Reservoir Media during the 2nd quarter valued at $12,533,000. Deutsche Bank AG acquired a new stake in Reservoir Media in the 2nd quarter worth $189,000. Bank of New York Mellon Corp bought a new position in shares of Reservoir Media during the 2nd quarter worth about $696,000. Irenic Capital Management LP increased its holdings in shares of Reservoir Media by 3.3% during the 1st quarter. Irenic Capital Management LP now owns 6,181,176 shares of the company's stock worth $60,514,000 after purchasing an additional 195,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Reservoir Media by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,140,363 shares of the company's stock valued at $11,163,000 after buying an additional 67,546 shares during the last quarter. 44.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Reservoir Media from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Reservoir Media presently has an average rating of "Hold".

Reservoir Media Stock Up 1.4%

Shares of NASDAQ:RSVR opened at $9.94 on Wednesday. Reservoir Media, Inc. has a 52 week low of $7.07 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.31 and a current ratio of 1.31. The company's fifty day moving average is $10.17 and its 200-day moving average is $9.76. The company has a market capitalization of $654.15 million, a PE ratio of 76.47 and a beta of 0.75.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $44.45 million. Reservoir Media had a net margin of 4.87% and a return on equity of 2.33%. Equities research analysts predict that Reservoir Media, Inc. will post 0.13 earnings per share for the current fiscal year.

About Reservoir Media

Reservoir Media Inc is a global independent music rights management company that acquires, administers and monetizes music publishing and master recording assets. Its business model centers on building a diverse portfolio of copyrights and recordings across genres, then generating revenue through licensing, royalty collection and direct-to-fan initiatives. Reservoir’s catalog includes works by established and emerging songwriters and artists, spanning pop, rock, country, R&B and other contemporary styles.

The company operates two primary segments: music publishing and recorded music.

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