Reservoir Media (NASDAQ:RSVR) Director Adam Rothstein Sells 65,281 Shares

Key Points

• Reservoir Media Director Adam Rothstein sold a total of 65,281 shares at an average price of $7.80, representing a 45.71% decrease in his ownership.
• The share price of Reservoir Media increased by 2.6% to reach $8.00 on Thursday, with overall trading volume exceeding its average.
• Reservoir Media's market capitalization stands at approximately $524.47 million, with a current debt-to-equity ratio of 1.05, reflecting its financial position.

Reservoir Media, Inc. (NASDAQ:RSVR - Get Free Report) Director Adam Rothstein sold 65,281 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total transaction of $509,191.80. Following the transaction, the director owned 77,546 shares in the company, valued at $604,858.80. This represents a 45.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Adam Rothstein also recently made the following trade(s):

• On Tuesday, September 9th, Adam Rothstein sold 34,719 shares of Reservoir Media stock. The shares were sold at an average price of $7.92, for a total transaction of $274,974.48.
• On Friday, August 8th, Adam Rothstein sold 48,430 shares of Reservoir Media stock. The stock was sold at an average price of $7.50, for a total transaction of $363,225.00.
• On Thursday, August 7th, Adam Rothstein sold 74,558 shares of Reservoir Media stock. The stock was sold at an average price of $7.62, for a total transaction of $568,131.96.

Reservoir Media Price Performance

Shares of Reservoir Media stock traded down $0.09 during trading on Tuesday, hitting $7.86. 31,710 shares of the company's stock traded hands, compared to its average volume of 53,912. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.29 and a quick ratio of 1.29. The firm's fifty day moving average price is $7.81 and its 200 day moving average price is $7.54. Reservoir Media, Inc. has a twelve month low of $6.56 and a twelve month high of $9.83. The company has a market cap of $515.30 million, a PE ratio of 71.46, a PEG ratio of 6.91 and a beta of 0.88.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $36.88 million. Reservoir Media has set its FY 2026 guidance at EPS. Analysts forecast that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSVR. B. Riley restated a "buy" rating and set a $11.50 price objective (down previously 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $11.50.

Institutional Investors Weigh In On Reservoir Media

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Reservoir Media by 18.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock worth $3,191,000 after acquiring an additional 55,396 shares during the last quarter. Northern Trust Corp raised its holdings in Reservoir Media by 2.5% in the 4th quarter. Northern Trust Corp now owns 203,686 shares of the company's stock valued at $1,843,000 after buying an additional 4,983 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Reservoir Media during the 4th quarter worth approximately $51,000. Bank of America Corp DE raised its holdings in Reservoir Media by 21.3% during the 4th quarter. Bank of America Corp DE now owns 30,062 shares of the company's stock worth $272,000 after purchasing an additional 5,273 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Reservoir Media by 88.7% during the 4th quarter. Millennium Management LLC now owns 52,194 shares of the company's stock worth $472,000 after purchasing an additional 24,528 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.