E&G Advisors LP Purchases Shares of 30,300 Reservoir Media, Inc. (NASDAQ:RSVR)

E&G Advisors LP acquired a new position in shares of Reservoir Media, Inc. (NASDAQ:RSVR) in the 3rd quarter, Holdings Channel reports. The fund acquired 30,300 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors also recently modified their holdings of RSVR. The Manufacturers Life Insurance Company purchased a new position in Reservoir Media in the 2nd quarter worth approximately $81,000. Inspire Investing LLC purchased a new position in shares of Reservoir Media in the 2nd quarter worth about $367,000. GSA Capital Partners LLP increased its position in shares of Reservoir Media by 31.1% during the 1st quarter. GSA Capital Partners LLP now owns 54,746 shares of the company’s stock valued at $434,000 after purchasing an additional 12,989 shares during the last quarter. Boston Partners raised its holdings in shares of Reservoir Media by 10.7% during the 1st quarter. Boston Partners now owns 59,067 shares of the company’s stock valued at $468,000 after buying an additional 5,707 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Reservoir Media by 113.2% during the 3rd 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 in the last quarter. 44.38% of the stock is currently owned by institutional investors.

Reservoir Media Stock Down 0.9 %

Shares of RSVR opened at $8.85 on Friday. Reservoir Media, Inc. has a 1 year low of $5.26 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.28 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $7.78 and a two-hundred day simple moving average of $7.84. The firm has a market cap of $575.57 million, a P/E ratio of -884.12, a P/E/G ratio of 9.92 and a beta of 0.90.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $34.32 million during the quarter, compared to analysts’ expectations of $34.42 million. Reservoir Media had a net margin of 0.01% and a return on equity of 0.96%. On average, analysts forecast that Reservoir Media, Inc. will post 0.09 earnings per share 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.