Repertoire Partners LP Invests $385,000 in Reservoir Media, Inc. $RSVR

Key Points

• Repertoire Partners LP invested $385,000 in Reservoir Media, acquiring 50,401 shares, making it the fund's 8th largest position.
• Several institutional investors, including Wells Fargo and Dimensional Fund Advisors, increased their stakes in Reservoir Media during the 4th quarter.
• Reservoir Media's stock has a market capitalization of $519.89 million, with a current trading price of $7.93, showing a 1.0% increase on the day.

Repertoire Partners LP acquired a new position in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,401 shares of the company's stock, valued at approximately $385,000. Reservoir Media comprises 0.2% of Repertoire Partners LP's portfolio, making the stock its 8th biggest position. Repertoire Partners LP owned 0.08% of Reservoir Media at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSVR. Wells Fargo & Company MN raised its holdings in Reservoir Media by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock valued at $125,000 after buying an additional 2,531 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Reservoir Media by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock worth $3,191,000 after buying an additional 55,396 shares during the period. Northern Trust Corp grew its position in shares of Reservoir Media by 2.5% in the 4th quarter. Northern Trust Corp now owns 203,686 shares of the company's stock worth $1,843,000 after buying an additional 4,983 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Reservoir Media in the 4th quarter worth about $51,000. Finally, Bank of America Corp DE grew its position in shares of Reservoir Media by 21.3% in the 4th quarter. Bank of America Corp DE now owns 30,062 shares of the company's stock worth $272,000 after buying an additional 5,273 shares during the period. 44.38% of the stock is currently owned by institutional investors.

Reservoir Media Trading Up 1.0%

Reservoir Media stock opened at $7.93 on Friday. The firm has a 50 day moving average of $7.79 and a 200 day moving average of $7.54. The firm has a market capitalization of $519.89 million, a price-to-earnings ratio of 72.10, a P/E/G ratio of 6.83 and a beta of 0.88. Reservoir Media, Inc. has a 12-month low of $6.56 and a 12-month high of $9.83. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.05.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Reservoir Media had a net margin of 4.67% and a return on equity of 2.07%. The company 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. As a group, research analysts predict that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Insider Transactions at Reservoir Media

In other Reservoir Media news, Director Adam Rothstein sold 48,430 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $7.50, for a total transaction of $363,225.00. Following the completion of the sale, the director directly owned 166,465 shares of the company's stock, valued at $1,248,487.50. This trade represents a 22.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 27.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RSVR has been the topic of a number of analyst reports. B. Riley reiterated a "buy" rating and issued a $11.50 price target (down previously from $12.50) on shares of Reservoir Media in a research note on Friday, June 6th. Wall Street Zen upgraded shares of Reservoir Media from a "sell" rating to a "hold" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $11.50.

Reservoir Media Company 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.

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