Insider Selling: Reservoir Media (NASDAQ:RSVR) Director Sells 65,281 Shares of Stock

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 Reservoir Media 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 completion of the sale, the director owned 77,546 shares in the company, valued at $604,858.80. The trade was a 45.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Reservoir Media Stock Up 2.6%

Shares of Reservoir Media stock traded up $0.20 on Thursday, reaching $8.00. 76,058 shares of the company were exchanged, compared to its average volume of 57,343. The company has a market capitalization of $524.47 million, a price-to-earnings ratio of 72.73, a PEG ratio of 6.82 and a beta of 0.88. 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, Inc. has a one year low of $6.56 and a one year high of $9.83. The company has a 50-day moving average of $7.80 and a 200 day moving average of $7.54.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last issued its 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 business 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. On average, equities research analysts forecast that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Institutional Trading of Reservoir Media

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of Reservoir Media by 373.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the company's stock worth $58,000 after purchasing an additional 5,918 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Reservoir Media by 101.1% during the second quarter. BNP Paribas Financial Markets now owns 7,003 shares of the company's stock worth $54,000 after purchasing an additional 3,521 shares during the last quarter. Bank of America Corp DE increased its position in shares of Reservoir Media by 31.4% during the 2nd quarter. Bank of America Corp DE now owns 42,356 shares of the company's stock valued at $325,000 after purchasing an additional 10,120 shares during the last quarter. AWM Investment Company Inc. raised its holdings in shares of Reservoir Media by 6.3% in the 2nd quarter. AWM Investment Company Inc. now owns 847,558 shares of the company's stock worth $6,501,000 after purchasing an additional 50,000 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Reservoir Media by 59.0% in the 2nd quarter. Hsbc Holdings PLC now owns 54,205 shares of the company's stock valued at $409,000 after buying an additional 20,116 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSVR has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and set a $11.50 price target (down previously from $12.50) on shares of Reservoir Media in a report on Friday, June 6th. Wall Street Zen upgraded 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 stock presently has an average rating of "Buy" and a consensus price target of $11.50.

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.

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