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

Hurley Capital LLC purchased a new position in shares of Reservoir Media, Inc. (NASDAQ:RSVR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 139,363 shares of the company’s stock, valued at approximately $1,183,000. Reservoir Media comprises approximately 1.0% of Hurley Capital LLC’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Reservoir Media by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company’s stock worth $125,000 after purchasing an additional 2,531 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new stake in Reservoir Media during the 4th quarter valued at about $304,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 38,609 shares during the last quarter. Meridian Wealth Advisors LLC increased its stake in Reservoir Media by 49.7% in the 4th quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company’s stock worth $136,000 after purchasing an additional 4,974 shares during the period. Finally, 272 Capital LP bought a new stake in Reservoir Media in the third quarter valued at approximately $122,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Reservoir Media Stock Down 1.1 %

Shares of Reservoir Media stock opened at $7.05 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.20 and a current ratio of 1.20. Reservoir Media, Inc. has a 52-week low of $6.83 and a 52-week high of $9.83. The company’s 50 day moving average price is $7.73 and its 200-day moving average price is $8.28. The stock has a market capitalization of $459.89 million, a price-to-earnings ratio of 64.10, a P/E/G ratio of 7.16 and a beta of 0.93.

Reservoir Media (NASDAQ:RSVR) last issued its quarterly earnings data 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%. Equities research analysts forecast that Reservoir Media, Inc. will post 0.11 EPS for the current 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.