Boston Partners Purchases 12,071 Shares of Reservoir Media, Inc. (NASDAQ:RSVR)

Boston Partners grew its position in shares of Reservoir Media, Inc. (NASDAQ:RSVRFree Report) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,370 shares of the company’s stock after purchasing an additional 12,071 shares during the period. Boston Partners owned approximately 0.12% of Reservoir Media worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RSVR. Barclays PLC lifted its holdings in shares of Reservoir Media by 533.4% in the 4th quarter. Barclays PLC now owns 5,492 shares of the company’s stock valued at $33,000 after acquiring an additional 4,625 shares during the last quarter. American International Group Inc. bought a new position in shares of Reservoir Media in the 2nd quarter valued at about $62,000. Wells Fargo & Company MN lifted its holdings in shares of Reservoir Media by 55.1% in the 2nd quarter. Wells Fargo & Company MN now owns 10,246 shares of the company’s stock valued at $62,000 after acquiring an additional 3,639 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Reservoir Media in the 4th quarter valued at about $74,000. Finally, Bank of America Corp DE lifted its holdings in shares of Reservoir Media by 27.2% in the 4th quarter. Bank of America Corp DE now owns 13,941 shares of the company’s stock valued at $83,000 after acquiring an additional 2,977 shares during the last quarter. Hedge funds and other institutional investors own 42.98% of the company’s stock.

Reservoir Media Stock Performance

Shares of NASDAQ RSVR opened at $6.01 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 1.03. Reservoir Media, Inc. has a 1 year low of $5.19 and a 1 year high of $7.77. The firm has a 50-day simple moving average of $6.80 and a two-hundred day simple moving average of $6.08.

Reservoir Media (NASDAQ:RSVRGet Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $38.40 million during the quarter, compared to the consensus estimate of $34.10 million. Reservoir Media had a positive return on equity of 1.33% and a negative net margin of 0.93%. As a group, research analysts anticipate that Reservoir Media, Inc. will post 0.04 EPS for the current fiscal year.

Reservoir Media Profile

(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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Institutional Ownership by Quarter for Reservoir Media (NASDAQ:RSVR)

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