Meridian Wealth Advisors LLC Increases Stake in Reservoir Media, Inc. (NASDAQ:RSVR)

Meridian Wealth Advisors LLC grew its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,974 shares of the company’s stock after acquiring an additional 4,974 shares during the period. Meridian Wealth Advisors LLC’s holdings in Reservoir Media were worth $136,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RSVR. JPMorgan Chase & Co. lifted its stake in Reservoir Media by 161.6% during the third quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company’s stock worth $532,000 after purchasing an additional 40,484 shares during the last quarter. 272 Capital LP purchased a new position in Reservoir Media during the 3rd quarter valued at $122,000. Barclays PLC lifted its position in shares of Reservoir Media by 44.1% in the 3rd quarter. Barclays PLC now owns 60,988 shares of the company’s stock worth $495,000 after purchasing an additional 18,675 shares during the period. Geode Capital Management LLC boosted its stake in shares of Reservoir Media by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 620,941 shares of the company’s stock valued at $5,037,000 after purchasing an additional 13,836 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 acquiring an additional 9,742 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Reservoir Media Stock Performance

Shares of RSVR stock opened at $7.30 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a market cap of $476.20 million, a PE ratio of 66.37, a price-to-earnings-growth ratio of 7.16 and a beta of 0.93. The company’s fifty day moving average price is $7.85 and its 200-day moving average price is $8.30. Reservoir Media, Inc. has a 12 month low of $6.83 and a 12 month high of $9.83.

Reservoir Media (NASDAQ:RSVR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. Reservoir Media had a return on equity of 2.20% and a net margin of 5.04%. On average, equities analysts expect that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal year.

About Reservoir Media

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.