Ezra S. Field Buys 23,000 Shares of Reservoir Media, Inc. (NASDAQ:RSVR) Stock

Reservoir Media, Inc. (NASDAQ:RSVRGet Rating) Director Ezra S. Field purchased 23,000 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The shares were purchased at an average cost of $6.52 per share, with a total value of $149,960.00. Following the completion of the acquisition, the director now directly owns 43,000 shares in the company, valued at $280,360. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

RSVR stock traded down $0.04 during trading on Thursday, hitting $6.39. 270,834 shares of the stock traded hands, compared to its average volume of 97,903. Reservoir Media, Inc. has a one year low of $5.33 and a one year high of $10.84. The company has a 50 day simple moving average of $7.71 and a 200 day simple moving average of $7.72. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 0.66.

A number of hedge funds have recently made changes to their positions in RSVR. Citigroup Inc. bought a new position in shares of Reservoir Media in the third quarter worth about $28,000. Mirabella Financial Services LLP bought a new position in shares of Reservoir Media in the fourth quarter worth about $80,000. B. Riley Asset Management LLC bought a new position in shares of Reservoir Media in the fourth quarter worth about $83,000. Bank of America Corp DE raised its stake in shares of Reservoir Media by 1,117,800.0% in the first quarter. Bank of America Corp DE now owns 11,179 shares of the company’s stock worth $110,000 after acquiring an additional 11,178 shares during the last quarter. Finally, Raymond James & Associates bought a new position in shares of Reservoir Media in the first quarter worth about $118,000. 39.51% of the stock is owned by hedge funds and other institutional investors.

Reservoir Media Company Profile (Get Rating)

Reservoir Media Management, Inc operates as a music publishing company. It operates in 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 discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.

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Insider Buying and Selling by Quarter for Reservoir Media (NASDAQ:RSVR)

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