GSA Capital Partners LLP Decreases Stake in Reservoir Media, Inc. (NASDAQ:RSVR)

GSA Capital Partners LLP lessened its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,168 shares of the company’s stock after selling 4,336 shares during the quarter. GSA Capital Partners LLP owned approximately 0.08% of Reservoir Media worth $447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSVR. Vanguard Group Inc. increased its position in shares of Reservoir Media by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,090,964 shares of the company’s stock valued at $8,651,000 after acquiring an additional 17,830 shares during the period. AWM Investment Company Inc. raised its position in Reservoir Media by 2.1% during the 1st quarter. AWM Investment Company Inc. now owns 716,662 shares of the company’s stock valued at $5,683,000 after purchasing an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Reservoir Media by 14.8% in the 1st quarter. Russell Investments Group Ltd. now owns 261,691 shares of the company’s stock worth $2,075,000 after buying an additional 33,819 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Reservoir Media by 58.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 231,113 shares of the company’s stock worth $1,824,000 after buying an additional 85,457 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Reservoir Media by 134.9% during the second quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock valued at $559,000 after buying an additional 40,600 shares during the period. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price target on Reservoir Media from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Reservoir Media Price Performance

Shares of NASDAQ RSVR opened at $8.89 on Thursday. Reservoir Media, Inc. has a 1 year low of $5.76 and a 1 year high of $9.25. The stock has a market capitalization of $579.83 million, a P/E ratio of -444.50, a P/E/G ratio of 12.46 and a beta of 0.89. The company’s 50-day moving average is $8.33 and its 200 day moving average is $7.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25.

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.