Boston Partners Grows Position in Reservoir Media, Inc. $RSVR

Boston Partners boosted its holdings in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 99.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,850 shares of the company's stock after purchasing an additional 47,822 shares during the quarter. Boston Partners owned about 0.15% of Reservoir Media worth $731,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Pacific Advisors LP purchased a new position in Reservoir Media during the 1st quarter worth $50,000. BNP Paribas Financial Markets purchased a new position in Reservoir Media during the 4th quarter worth $51,000. Corton Capital Inc. purchased a new position in Reservoir Media during the 1st quarter worth $105,000. Wells Fargo & Company MN boosted 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 worth $125,000 after acquiring an additional 2,531 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Reservoir Media during the 1st quarter worth $222,000. Institutional investors and hedge funds own 44.38% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Reservoir Media

In related news, Director Adam Rothstein sold 74,558 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $7.62, for a total value of $568,131.96. Following the transaction, the director directly owned 214,895 shares of the company's stock, valued at approximately $1,637,499.90. The trade was a 25.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.00% of the company's stock.

Reservoir Media Stock Performance

Shares of NASDAQ:RSVR traded up $0.38 during midday trading on Friday, reaching $8.06. The company had a trading volume of 80,185 shares, compared to its average volume of 65,223. The company's 50 day moving average price is $7.71 and its 200 day moving average price is $7.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.05. The stock has a market cap of $528.41 million, a P/E ratio of 73.28, a P/E/G ratio of 7.01 and a beta of 0.89. Reservoir Media, Inc. has a 52-week low of $6.56 and a 52-week high of $9.83.

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

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.