Reservoir Media, Inc. (NASDAQ:RSVR) Major Shareholder Buys $216,900.00 in Stock

Reservoir Media, Inc. (NASDAQ:RSVRGet Free Report) major shareholder Hassan Khosrowshahi bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $7.23 per share, with a total value of $216,900.00. Following the transaction, the insider now owns 200,000 shares of the company’s stock, valued at approximately $1,446,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Hassan Khosrowshahi also recently made the following trade(s):

  • On Thursday, February 29th, Hassan Khosrowshahi bought 30,000 shares of Reservoir Media stock. The stock was acquired at an average cost of $7.27 per share, with a total value of $218,100.00.
  • On Thursday, February 22nd, Hassan Khosrowshahi purchased 16,608 shares of Reservoir Media stock. The stock was purchased at an average price of $7.08 per share, with a total value of $117,584.64.
  • On Tuesday, February 20th, Hassan Khosrowshahi purchased 25,000 shares of Reservoir Media stock. The stock was purchased at an average price of $7.04 per share, with a total value of $176,000.00.
  • On Friday, February 16th, Hassan Khosrowshahi purchased 23,392 shares of Reservoir Media stock. The stock was purchased at an average price of $7.00 per share, with a total value of $163,744.00.

Reservoir Media Stock Performance

Shares of NASDAQ RSVR traded down $0.05 during mid-day trading on Monday, reaching $7.28. 54,053 shares of the company were exchanged, compared to its average volume of 56,307. The company’s 50-day simple moving average is $6.97 and its 200-day simple moving average is $6.28. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $471.89 million, a P/E ratio of 104.71 and a beta of 1.05. Reservoir Media, Inc. has a twelve month low of $5.19 and a twelve month high of $7.50.

Institutional Trading of Reservoir Media

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Reservoir Media by 533.4% during the 4th quarter. Barclays PLC now owns 5,492 shares of the company’s stock valued at $33,000 after purchasing an additional 4,625 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Reservoir Media by 408.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,954 shares of the company’s stock valued at $36,000 after purchasing an additional 4,782 shares during the last quarter. Headinvest LLC bought a new stake in shares of Reservoir Media during the 3rd quarter valued at approximately $40,000. American International Group Inc. bought a new stake in shares of Reservoir Media during the 2nd quarter valued at approximately $62,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Reservoir Media by 55.1% during the 2nd quarter. Wells Fargo & Company MN now owns 10,246 shares of the company’s stock valued at $62,000 after purchasing an additional 3,639 shares during the last quarter. Institutional investors and hedge funds own 42.98% of the company’s stock.

About Reservoir Media

(Get Free Report)

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.

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