RSVR's President and COO, Lafargue Rell JR., Buys Over 155,000 Shares
Lafargue Rell JR., President and COO of RSVR, purchased 155,318 shares on June 22, 2026.
Key Points
- Lafargue Rell JR., RSVR's President and COO, bought 155,318 shares on June 22, 2026.
- RSVR shares traded near $10.21 on Thursday, with notable institutional activity from Irenic Capital and BlackRock.
- Analyst B. Riley Securities maintained a 'buy' rating with an $11.50 target as of June 2025.
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RSVR's President and COO, Lafargue Rell JR., made a significant move by purchasing 155,318 shares of the company on June 22, 2026. This insider transaction highlights a notable activity in the company's stock, although the transaction was not executed under a pre-planned trading program.
Other Institutional Activity in RSVR
Several institutional investors have also been active in RSVR. Irenic Capital Management LP increased its holdings by 195,000 shares, bringing its total to 6,181,176 shares valued at approximately $60.51 million. Conversely, BlackRock, Inc. reduced its stake by 143,330 shares, ending with 1,231,452 shares worth about $12.06 million. Dimensional Fund Advisors LP added 67,546 shares to hold a total of 1,140,363 shares valued at $11.16 million. Federated Hermes, Inc., on the other hand, cut its holdings by 269,600 shares, leaving it with 1,000,000 shares valued at $9.79 million.
Reservoir Media, Inc. Stock Up 5.7%
Shares of RSVR traded near $10.21 on Thursday. The company has seen varied interest from institutional investors and analysts alike. While detailed market cap and P/E ratio data aren't available, the stock's recent activity and insider buying could be of interest to market watchers.
$RSVR stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Reservoir Media, Inc.
In addition to Lafargue Rell JR.'s significant purchase, other insiders also bought shares of RSVR on June 22, 2026. ER Reservoir LLC, Taylor Ryan, Cook Stephen, Rothstein Adam, and Field Ezra each acquired shares at a price of $10.15. These purchases were not part of any pre-arranged trading plans.
Analysts Set New Price Targets
Analyst B. Riley Securities maintained its 'buy' rating for RSVR, setting a price target of $11.50 as of June 6, 2025. The firm has consistently recommended a 'buy' rating over the past years, reflecting a positive outlook on the stock's potential.
Bottom Line
The insider purchase by RSVR's President and COO, Lafargue Rell JR., along with other insider buys, signals a strong interest in the company's prospects. Institutional investors have also been active, with some increasing and others reducing their stakes. Analysts continue to show confidence with a maintained 'buy' rating. As always, these insights are based on past filings and may not represent the current position or outlook.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.