Repertoire Partners LP Takes $385,000 Position 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 shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,401 shares of the company's stock, valued at approximately $385,000. Reservoir Media accounts for about 0.2% of Repertoire Partners LP's portfolio, making the stock its 8th largest holding. Repertoire Partners LP owned approximately 0.08% of Reservoir Media as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Reservoir Media by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock worth $125,000 after purchasing an additional 2,531 shares in the last quarter. Hurley Capital LLC grew its stake in Reservoir Media by 3.4% during the first quarter. Hurley Capital LLC now owns 144,104 shares of the company's stock worth $1,100,000 after buying an additional 4,741 shares during the last quarter. Northern Trust Corp grew its stake in Reservoir Media by 2.5% during the fourth 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 last quarter. Bank of America Corp DE increased its holdings in shares of Reservoir Media by 21.3% during the fourth 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 in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Reservoir Media in the fourth quarter valued at approximately $51,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Reservoir Media

In other news, Director Adam Rothstein sold 74,558 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $7.62, for a total value of $568,131.96. Following the completion of the sale, the director owned 214,895 shares of the company's stock, valued at approximately $1,637,499.90. This represents a 25.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 222,988 shares of company stock valued at $1,715,523. 27.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Reservoir Media Trading Up 2.6%

NASDAQ:RSVR traded up $0.20 on Thursday, hitting $8.00. 76,058 shares of the stock were exchanged, compared to its average volume of 57,343. 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 52 week low of $6.56 and a 52 week high of $9.83. The stock has a market capitalization of $524.47 million, a price-to-earnings ratio of 72.73, a P/E/G ratio of 6.82 and a beta of 0.88. The company's 50-day moving average price is $7.80 and its 200 day moving average price is $7.54.

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

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.