Inspire Investing LLC Acquires 3,281 Shares of Reservoir Media, Inc. $RSVR

Inspire Investing LLC increased its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,838 shares of the company’s stock after acquiring an additional 3,281 shares during the period. Inspire Investing LLC owned about 0.07% of Reservoir Media worth $357,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. First Pacific Advisors LP purchased a new position in Reservoir Media during the first quarter valued at $50,000. BNP Paribas Financial Markets purchased a new position in shares of Reservoir Media in the fourth quarter valued at about $51,000. Corton Capital Inc. purchased a new stake in shares of Reservoir Media in the first quarter worth about $105,000. Nuveen LLC bought a new stake in Reservoir Media during the first quarter worth approximately $222,000. Finally, Hsbc Holdings PLC increased its stake in Reservoir Media by 42.0% during the first quarter. Hsbc Holdings PLC now owns 34,089 shares of the company’s stock worth $248,000 after acquiring an additional 10,076 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen raised Reservoir Media from a “sell” rating to a “hold” rating in a research note on Monday, June 23rd. B. Riley restated a “buy” rating and issued a $11.50 target price (down previously from $12.50) on shares of Reservoir Media in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $11.50.

Insiders Place Their Bets

In related news, Director Adam Rothstein sold 65,281 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total value of $509,191.80. Following the completion of the sale, the director directly owned 77,546 shares of the company’s stock, valued at $604,858.80. The trade was a 45.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 222,988 shares of company stock valued at $1,715,523 over the last three months. 27.00% of the stock is owned by insiders.

Reservoir Media Trading Down 1.4%

RSVR opened at $7.89 on Monday. The firm has a market capitalization of $517.27 million, a price-to-earnings ratio of 71.73, a price-to-earnings-growth ratio of 6.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.29 and a quick ratio of 1.29. The company’s 50 day simple moving average is $7.80 and its two-hundred day simple moving average is $7.53. Reservoir Media, Inc. has a 1-year low of $6.56 and a 1-year high of $9.83.

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

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.