Nantahala Capital Management LLC Sells 118,661 Shares of Reservoir Media, Inc. $RSVR

Nantahala Capital Management LLC cut its stake in Reservoir Media, Inc. (NASDAQ:RSVR) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,442,136 shares of the company’s stock after selling 118,661 shares during the period. Nantahala Capital Management LLC’s holdings in Reservoir Media were worth $11,003,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Reservoir Media by 67.7% in the 1st quarter. Russell Investments Group Ltd. now owns 380,812 shares of the company’s stock worth $2,906,000 after acquiring an additional 153,705 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Reservoir Media during the fourth quarter valued at approximately $1,131,000. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 55,396 shares during the period. Boston Partners lifted its holdings in shares of Reservoir Media by 99.6% during the first quarter. Boston Partners now owns 95,850 shares of the company’s stock valued at $731,000 after purchasing an additional 47,822 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in Reservoir Media in the first quarter valued at about $298,000. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $11.50 price objective (down previously from $12.50) on shares of Reservoir Media in a research note 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 analyst has rated the stock with a Buy rating, According to MarketBeat, Reservoir Media currently has an average rating of “Buy” and an average target price of $11.50.

Insider Activity at Reservoir Media

In other news, Director Adam Rothstein sold 48,430 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $7.50, for a total value of $363,225.00. Following the transaction, the director directly owned 166,465 shares of the company’s stock, valued at approximately $1,248,487.50. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.00% of the stock is currently owned by company insiders.

Reservoir Media Price Performance

Shares of NASDAQ:RSVR opened at $7.88 on Monday. Reservoir Media, Inc. has a 12 month low of $6.56 and a 12 month high of $9.83. The firm has a market capitalization of $516.61 million, a price-to-earnings ratio of 71.64, a price-to-earnings-growth ratio of 6.85 and a beta of 0.89. The business’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $7.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.29 and a quick ratio of 1.29.

Reservoir Media (NASDAQ:RSVR) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%.The company had revenue of $37.16 billion for the quarter, compared to analyst estimates of $36.88 million. Reservoir Media has set its FY 2026 guidance at EPS. As a group, equities analysts forecast that Reservoir Media, Inc. will post 0.11 earnings per share for the current fiscal 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.