139,363 Shares in Reservoir Media, Inc. (NASDAQ:RSVR) Bought by Hurley Capital LLC

Hurley Capital LLC acquired a new position in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 139,363 shares of the company's stock, valued at approximately $1,183,000. Reservoir Media comprises about 1.0% of Hurley Capital LLC's holdings, making the stock its 29th largest holding. Hurley Capital LLC owned approximately 0.21% of Reservoir Media as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RSVR. JPMorgan Chase & Co. boosted its stake in Reservoir Media by 161.6% during the third quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company's stock worth $532,000 after buying an additional 40,484 shares during the period. Integrated Quantitative Investments LLC acquired a new position in Reservoir Media during the 4th quarter worth about $304,000. Barclays PLC grew its position in Reservoir Media by 44.1% in the 3rd quarter. Barclays PLC now owns 60,988 shares of the company's stock valued at $495,000 after acquiring an additional 18,675 shares in the last quarter. 272 Capital LP purchased a new stake in Reservoir Media during the 3rd quarter worth approximately $122,000. Finally, Geode Capital Management LLC raised its stake in shares of Reservoir Media by 2.3% in the third quarter. Geode Capital Management LLC now owns 620,941 shares of the company's stock valued at $5,037,000 after acquiring an additional 13,836 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company's stock.

Reservoir Media Stock Down 4.9 %

Shares of NASDAQ RSVR traded down $0.37 during mid-day trading on Thursday, reaching $7.05. The company had a trading volume of 7,402 shares, compared to its average volume of 49,116. The firm has a 50 day simple moving average of $7.62 and a two-hundred day simple moving average of $8.27. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. Reservoir Media, Inc. has a 52-week low of $6.56 and a 52-week high of $9.83. The stock has a market cap of $459.57 million, a P/E ratio of 64.14, a PEG ratio of 7.16 and a beta of 0.90.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. Sell-side analysts predict that Reservoir Media, Inc. will post 0.11 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.