BNP Paribas Financial Markets Acquires Shares of 5,625 Reservoir Media, Inc. (NASDAQ:RSVR)

BNP Paribas Financial Markets acquired a new stake in Reservoir Media, Inc. (NASDAQ:RSVR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,625 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC acquired a new position in shares of Reservoir Media during the 4th quarter worth $1,183,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Reservoir Media during the 4th quarter worth $1,131,000. Dimensional Fund Advisors LP grew its stake in shares of Reservoir Media by 18.6% during the 4th 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. JPMorgan Chase & Co. grew its stake in shares of Reservoir Media by 58.9% during the 4th quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company’s stock worth $943,000 after purchasing an additional 38,609 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Reservoir Media during the 4th quarter worth $304,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Reservoir Media from a “hold” rating to a “sell” rating in a research report on Friday, May 30th.

Reservoir Media Price Performance

Reservoir Media stock opened at $7.77 on Wednesday. Reservoir Media, Inc. has a 52 week low of $6.56 and a 52 week high of $9.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.97. The firm has a market capitalization of $506.86 million, a PE ratio of 70.64, a P/E/G ratio of 7.16 and a beta of 0.90.

Reservoir Media (NASDAQ:RSVR) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. The business had revenue of $41.42 million for the quarter, compared to analyst estimates of $40.31 million. On average, equities research analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal year.

Reservoir Media 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.