Reservoir Media, Inc. (NASDAQ:RSVR) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 113.2% during the third quarter, Holdings Channel.com reports. The firm owned 67,930 shares of the company’s stock after acquiring an additional 36,068 shares during the period. Exchange Traded Concepts LLC’s holdings in Reservoir Media were worth $551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSVR. Dimensional Fund Advisors LP raised its stake in Reservoir Media by 58.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 231,113 shares of the company’s stock worth $1,824,000 after acquiring an additional 85,457 shares in the last quarter. Inspire Investing LLC acquired a new stake in Reservoir Media during the 2nd quarter worth $367,000. Renaissance Technologies LLC grew its position in Reservoir Media by 134.9% during the 2nd quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock worth $559,000 after purchasing an additional 40,600 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Reservoir Media by 14.8% in the first quarter. Russell Investments Group Ltd. now owns 261,691 shares of the company’s stock valued at $2,075,000 after purchasing an additional 33,819 shares during the period. Finally, Vanguard Group Inc. increased its stake in Reservoir Media by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,090,964 shares of the company’s stock valued at $8,651,000 after purchasing an additional 17,830 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Reservoir Media Trading Down 0.9 %

NASDAQ RSVR opened at $8.85 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.16 and a current ratio of 1.28. The firm has a market cap of $575.57 million, a PE ratio of -884.12, a P/E/G ratio of 9.92 and a beta of 0.90. Reservoir Media, Inc. has a one year low of $5.26 and a one year high of $9.20. The firm’s fifty day moving average is $7.78 and its two-hundred day moving average is $7.84.

Reservoir Media (NASDAQ:RSVR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter. Reservoir Media had a return on equity of 0.96% and a net margin of 0.01%. The firm had revenue of $34.32 million for the quarter, compared to analyst estimates of $34.42 million. Analysts expect that Reservoir Media, Inc. will post 0.09 earnings per share for the current year.

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.