Adam Rothstein Acquires 4,016 Shares of Reservoir Media, Inc. (NASDAQ:RSVR) Stock

Reservoir Media, Inc. (NASDAQ:RSVR) Director Adam Rothstein bought 4,016 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average cost of $7.01 per share, with a total value of $28,152.16. Following the completion of the transaction, the director now owns 272,256 shares in the company, valued at $1,908,514.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Reservoir Media Stock Down 2.4 %

Shares of Reservoir Media stock opened at $7.06 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $7.43. Reservoir Media, Inc. has a 1-year low of $5.19 and a 1-year high of $9.20.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on Reservoir Media from $11.00 to $11.50 and gave the stock a “buy” rating in a research report on Friday, May 31st.

Institutional Trading of Reservoir Media

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Reservoir Media by 24.3% during the 4th quarter. Federated Hermes Inc. now owns 1,864,728 shares of the company’s stock worth $13,296,000 after acquiring an additional 364,728 shares during the period. Headinvest LLC acquired a new stake in Reservoir Media during the 3rd quarter worth about $40,000. Barclays PLC grew its holdings in Reservoir Media by 968.5% during the 3rd quarter. Barclays PLC now owns 42,279 shares of the company’s stock worth $258,000 after acquiring an additional 38,322 shares during the period. Exchange Traded Concepts LLC grew its holdings in Reservoir Media by 13.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,629 shares of the company’s stock worth $318,000 after acquiring an additional 5,328 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Reservoir Media during the 4th quarter worth about $79,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.