Essex Investment Management Co. LLC Decreases Holdings in Research Solutions, Inc. (NASDAQ:RSSS)

Essex Investment Management Co. LLC decreased its holdings in Research Solutions, Inc. (NASDAQ:RSSS) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,687 shares of the company’s stock after selling 75,491 shares during the period. Essex Investment Management Co. LLC owned 1.82% of Research Solutions worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its position in Research Solutions by 5.5% during the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company’s stock valued at $7,849,000 after purchasing an additional 150,000 shares during the period. Bard Associates Inc. raised its holdings in Research Solutions by 3.6% during the 4th quarter. Bard Associates Inc. now owns 649,321 shares of the company’s stock valued at $2,695,000 after buying an additional 22,596 shares during the period. Hodges Capital Management Inc. raised its holdings in Research Solutions by 63.8% during the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock valued at $2,135,000 after buying an additional 200,480 shares during the period. Parthenon LLC lifted its position in Research Solutions by 7.1% in the fourth quarter. Parthenon LLC now owns 392,284 shares of the company’s stock worth $1,628,000 after buying an additional 26,000 shares during the last quarter. Finally, Luxor Capital Group LP boosted its stake in Research Solutions by 122.4% during the third quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock worth $979,000 after buying an additional 197,346 shares during the period. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Trading Up 3.7 %

Shares of RSSS opened at $3.10 on Monday. The company’s fifty day simple moving average is $3.67 and its 200-day simple moving average is $3.25. The company has a market cap of $101.21 million, a P/E ratio of -20.67, a P/E/G ratio of 4.33 and a beta of 0.55. Research Solutions, Inc. has a twelve month low of $2.38 and a twelve month high of $4.24.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. The firm had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. Analysts predict that Research Solutions, Inc. will post 0.05 earnings per share for the current fiscal year.

Research Solutions Profile

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.