Wolverine Asset Management LLC Sells 10,732 Shares of Reservoir Media, Inc. (NASDAQ:RSVRW)

Wolverine Asset Management LLC trimmed its stake in Reservoir Media, Inc. (NASDAQ:RSVRW) by 19.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,807 shares of the company’s stock after selling 10,732 shares during the quarter. Wolverine Asset Management LLC’s holdings in Reservoir Media were worth $59,000 at the end of the most recent quarter.

Separately, Sanders Morris Harris LLC bought a new stake in shares of Reservoir Media during the second quarter valued at approximately $359,000.

Reservoir Media Stock Performance

Shares of NASDAQ RSVRW opened at $1.34 on Friday. Reservoir Media, Inc. has a twelve month low of $0.63 and a twelve month high of $1.65. The company has a 50 day moving average of $1.17 and a 200 day moving average of $1.05.

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.