Boston Partners Acquires 47,822 Shares of Reservoir Media, Inc. $RSVR

Boston Partners lifted its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 99.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,850 shares of the company's stock after buying an additional 47,822 shares during the period. Boston Partners owned about 0.15% of Reservoir Media worth $731,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RSVR. JPMorgan Chase & Co. increased its holdings in shares of Reservoir Media by 58.9% during the fourth quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company's stock worth $943,000 after buying an additional 38,609 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Reservoir Media by 22.4% during the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock worth $125,000 after buying an additional 2,531 shares in the last quarter. Barclays PLC increased its holdings in Reservoir Media by 9.1% in the fourth quarter. Barclays PLC now owns 66,537 shares of the company's stock valued at $603,000 after purchasing an additional 5,549 shares during the period. Dimensional Fund Advisors LP increased its holdings in Reservoir Media by 18.6% in 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. Finally, Northern Trust Corp increased its holdings in Reservoir Media by 2.5% in the fourth quarter. Northern Trust Corp now owns 203,686 shares of the company's stock valued at $1,843,000 after purchasing an additional 4,983 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Reservoir Media Stock Performance

Shares of RSVR stock traded up $0.3610 during trading hours on Friday, hitting $8.0410. 42,385 shares of the company were exchanged, compared to its average volume of 57,640. 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 $527.17 million, a price-to-earnings ratio of 73.11, a P/E/G ratio of 6.73 and a beta of 0.89. 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 firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $7.55.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share 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 business 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. Research analysts predict that Reservoir Media, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Adam Rothstein sold 48,430 shares of Reservoir Media stock in a transaction 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 approximately $1,248,487.50. The trade was a 22.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.00% of the company's stock.

About Reservoir Media

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.