Reservoir Media, Inc. $RSVR Holdings Cut by Nantahala Capital Management LLC

Key Points

• Nantahala Capital Management LLC reduced its stake in Reservoir Media, Inc. by 7.6%, owning 1,442,136 shares valued at approximately $11 million after selling 118,661 shares in the first quarter.
• Reservoir Media reported earnings per share (EPS) of ($0.01) for the quarter, meeting analysts' expectations, with revenues of $37.16 billion compared to forecasts of $36.88 million.
• Analyst ratings for Reservoir Media include a consensus of “Buy” with an average price target of $11.50, indicating potential growth opportunities for investors.

Nantahala Capital Management LLC decreased its stake in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,136 shares of the company's stock after selling 118,661 shares during the period. Nantahala Capital Management LLC owned approximately 2.21% of Reservoir Media worth $11,003,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Reservoir Media by 67.7% during the 1st quarter. Russell Investments Group Ltd. now owns 380,812 shares of the company's stock valued at $2,906,000 after buying an additional 153,705 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Reservoir Media in the fourth quarter valued at approximately $1,131,000. Dimensional Fund Advisors LP raised its stake in shares of Reservoir Media by 18.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock valued at $3,191,000 after purchasing an additional 55,396 shares during the period. Boston Partners raised its stake in shares of Reservoir Media by 99.6% during the first quarter. Boston Partners now owns 95,850 shares of the company's stock valued at $731,000 after purchasing an additional 47,822 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in shares of Reservoir Media during the first quarter worth $298,000. Institutional investors and hedge funds own 44.38% of the company's stock.

Reservoir Media Stock Up 1.0%

Shares of Reservoir Media stock traded up $0.08 during trading on Friday, reaching $7.93. The company had a trading volume of 42,261 shares, compared to its average volume of 53,788. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.29 and a current ratio of 1.29. Reservoir Media, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $9.83. The firm's fifty day moving average is $7.79 and its 200-day moving average is $7.54. The company has a market cap of $519.89 million, a price-to-earnings ratio of 72.10, a price-to-earnings-growth ratio of 6.83 and a beta of 0.88.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%.The firm had revenue of $37.16 billion during the quarter, compared to analyst estimates of $36.88 million. Reservoir Media has set its FY 2026 guidance at EPS. On average, analysts anticipate that Reservoir Media, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling at Reservoir Media

In related news, Director Adam Rothstein sold 48,430 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $7.50, for a total transaction of $363,225.00. Following the sale, the director directly owned 166,465 shares of the company's stock, valued at approximately $1,248,487.50. This represents a 22.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 27.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSVR shares. B. Riley reaffirmed a "buy" rating and set a $11.50 price target (down from $12.50) on shares of Reservoir Media in a report on Friday, June 6th. Wall Street Zen raised shares of Reservoir Media from a "sell" rating to a "hold" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $11.50.

Reservoir Media Profile

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.