Dimensional Fund Advisors LP grew its stake in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 352,568 shares of the company's stock after buying an additional 55,396 shares during the quarter. Dimensional Fund Advisors LP owned 0.54% of Reservoir Media worth $3,191,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Hurley Capital LLC purchased a new stake in Reservoir Media during the 4th quarter worth approximately $1,183,000. JPMorgan Chase & Co. increased its stake in Reservoir Media by 161.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company's stock worth $532,000 after buying an additional 40,484 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in Reservoir Media during the 4th quarter worth approximately $304,000. Barclays PLC increased its stake in Reservoir Media by 44.1% during the 3rd quarter. Barclays PLC now owns 60,988 shares of the company's stock worth $495,000 after buying an additional 18,675 shares in the last quarter. Finally, Meridian Wealth Advisors LLC increased its stake in Reservoir Media by 49.7% during the 4th quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company's stock worth $136,000 after buying an additional 4,974 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company's stock.
Reservoir Media Price Performance
NASDAQ:RSVR traded down $0.08 during trading hours on Friday, hitting $7.32. 54,821 shares of the stock were exchanged, compared to its average volume of 45,146. Reservoir Media, Inc. has a 52-week low of $6.56 and a 52-week high of $9.83. The firm's fifty day moving average price is $7.29 and its 200 day moving average price is $8.07. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. The company has a market cap of $477.51 million, a P/E ratio of 66.55, a P/E/G ratio of 7.16 and a beta of 0.90.
Reservoir Media Profile
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Free Report)
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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