Integrated Quantitative Investments LLC Invests $304,000 in Reservoir Media, Inc. (NASDAQ:RSVR)

Integrated Quantitative Investments LLC acquired a new position in Reservoir Media, Inc. (NASDAQ:RSVR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,600 shares of the company’s stock, valued at approximately $304,000. Integrated Quantitative Investments LLC owned about 0.05% of Reservoir Media as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 272 Capital LP bought a new stake in shares of Reservoir Media in the third quarter worth approximately $122,000. Meridian Wealth Advisors LLC lifted its holdings in shares of Reservoir Media by 49.7% during the 4th quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company’s stock valued at $136,000 after buying an additional 4,974 shares during the period. Jane Street Group LLC boosted its stake in shares of Reservoir Media by 22.5% in the 3rd quarter. Jane Street Group LLC now owns 53,018 shares of the company’s stock worth $430,000 after buying an additional 9,742 shares during the last quarter. Barclays PLC grew its holdings in shares of Reservoir Media by 44.1% in the third quarter. Barclays PLC now owns 60,988 shares of the company’s stock worth $495,000 after acquiring an additional 18,675 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Reservoir Media by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 63,951 shares of the company’s stock valued at $519,000 after acquiring an additional 4,087 shares during the last quarter. 44.38% of the stock is owned by institutional investors.

Reservoir Media Trading Down 1.1 %

Shares of NASDAQ:RSVR opened at $7.05 on Friday. The stock’s 50-day simple moving average is $7.73 and its two-hundred day simple moving average is $8.29. The stock has a market capitalization of $459.89 million, a price-to-earnings ratio of 64.10, a PEG ratio of 7.16 and a beta of 0.90. Reservoir Media, Inc. has a 52-week low of $6.83 and a 52-week high of $9.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.20 and a current ratio of 1.20.

Reservoir Media (NASDAQ:RSVR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. Analysts expect that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.