Reservoir Media (NASDAQ:RSVR) Sees Large Volume Increase - Still a Buy?

Reservoir Media, Inc. (NASDAQ:RSVR - Get Free Report) shares saw an uptick in trading volume on Friday . 20,198 shares traded hands during mid-day trading, a decline of 33% from the previous session's volume of 29,963 shares.The stock last traded at $7.75 and had previously closed at $7.78.

Reservoir Media Stock Performance

The company has a market capitalization of $499.03 million, a price-to-earnings ratio of 69.55, a PEG ratio of 7.16 and a beta of 0.92. The stock has a 50-day moving average price of $8.15 and a 200-day moving average price of $8.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 1.20.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Reservoir Media had a return on equity of 2.20% and a net margin of 5.04%. As a group, analysts forecast that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Reservoir Media

A number of large investors have recently made changes to their positions in the company. Hurley Capital LLC bought a new position in Reservoir Media during the 4th quarter worth $1,183,000. Schonfeld Strategic Advisors LLC acquired a new position in Reservoir Media during the 4th quarter worth about $1,131,000. Dimensional Fund Advisors LP raised its position in shares of Reservoir Media by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock worth $3,191,000 after acquiring an additional 55,396 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Reservoir Media by 161.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company's stock worth $532,000 after acquiring an additional 40,484 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new position in shares of Reservoir Media in the 4th quarter worth about $304,000. Institutional investors own 44.38% of the company's stock.

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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.