Barclays PLC Has $495,000 Stake in Reservoir Media, Inc. (NASDAQ:RSVR)

Barclays PLC raised its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 44.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,988 shares of the company’s stock after acquiring an additional 18,675 shares during the quarter. Barclays PLC owned approximately 0.09% of Reservoir Media worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSVR. Dimensional Fund Advisors LP raised its holdings 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 valued at $1,824,000 after purchasing an additional 85,457 shares during the period. Inspire Investing LLC acquired a new position in Reservoir Media during the second quarter worth approximately $367,000. Renaissance Technologies LLC raised its stake in Reservoir Media by 134.9% in 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. Exchange Traded Concepts LLC lifted its position in shares of Reservoir Media by 113.2% in the third quarter. Exchange Traded Concepts LLC now owns 67,930 shares of the company’s stock valued at $551,000 after buying an additional 36,068 shares during the last quarter. Finally, E&G Advisors LP acquired a new stake in shares of Reservoir Media in the third quarter valued at approximately $246,000. Institutional investors own 44.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Reservoir Media Price Performance

Shares of RSVR opened at $7.91 on Friday. The company’s 50-day moving average is $8.87 and its 200-day moving average is $8.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25. The firm has a market capitalization of $515.89 million, a PE ratio of -395.30, a PEG ratio of 11.31 and a beta of 0.94. Reservoir Media, Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $9.83.

Reservoir Media 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.