Reservoir Media, Inc. (NASDAQ:RSVR) Stock Holdings Lifted by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,864,728 shares of the company’s stock after acquiring an additional 364,728 shares during the quarter. Federated Hermes Inc. owned about 2.88% of Reservoir Media worth $13,296,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its stake in shares of Reservoir Media by 13.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,629 shares of the company’s stock worth $318,000 after acquiring an additional 5,328 shares in the last quarter. Headinvest LLC bought a new stake in shares of Reservoir Media during the 3rd quarter worth about $40,000. SG Americas Securities LLC bought a new stake in shares of Reservoir Media during the 4th quarter worth about $79,000. Boston Partners boosted its stake in shares of Reservoir Media by 17.9% during the 3rd quarter. Boston Partners now owns 79,370 shares of the company’s stock worth $484,000 after acquiring an additional 12,071 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Reservoir Media by 20.2% during the 3rd quarter. M&T Bank Corp now owns 87,216 shares of the company’s stock worth $532,000 after acquiring an additional 14,674 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

Insider Activity at Reservoir Media

In other Reservoir Media news, major shareholder Hassan Khosrowshahi bought 23,392 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $7.00 per share, for a total transaction of $163,744.00. Following the purchase, the insider now directly owns 23,392 shares in the company, valued at $163,744. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 125,000 shares of company stock worth $892,329 in the last 90 days. 26.27% of the stock is owned by company insiders.

Reservoir Media Stock Performance

RSVR opened at $8.25 on Tuesday. The stock has a 50-day moving average of $7.50 and a 200-day moving average of $6.78. Reservoir Media, Inc. has a 52-week low of $5.19 and a 52-week high of $8.39. The company has a market cap of $534.77 million, a PE ratio of 114.29, a price-to-earnings-growth ratio of 11.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.26.

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.