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

Essex Investment Management Co. LLC trimmed its holdings in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,687 shares of the company’s stock after selling 75,491 shares during the period. Essex Investment Management Co. LLC’s holdings in Research Solutions were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in RSSS. Bard Associates Inc. boosted its stake in shares of Research Solutions by 1.4% during the third quarter. Bard Associates Inc. now owns 626,725 shares of the company’s stock valued at $1,711,000 after purchasing an additional 8,455 shares in the last quarter. Needham Investment Management LLC lifted its holdings 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 worth $7,849,000 after buying an additional 150,000 shares during the period. Luxor Capital Group LP lifted its holdings 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. Geode Capital Management LLC boosted its position in Research Solutions by 36.4% during the 3rd quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock valued at $651,000 after acquiring an additional 63,581 shares in the last quarter. Finally, Guerra Pan Advisors LLC purchased a new position in shares of Research Solutions in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Trading Up 3.7 %

RSSS opened at $3.10 on Monday. The firm has a market cap of $101.21 million, a price-to-earnings ratio of -20.67, a PEG ratio of 4.33 and a beta of 0.55. Research Solutions, Inc. has a 12 month low of $2.38 and a 12 month high of $4.24. The stock has a fifty day moving average price of $3.67 and a 200-day moving average price of $3.25.

Research Solutions (NASDAQ:RSSS) last announced its earnings results on Thursday, February 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. The firm had revenue of $11.91 million during the quarter, compared to the consensus estimate of $11.86 million. On average, equities research analysts forecast that Research Solutions, Inc. will post 0.05 EPS for the current year.

Research Solutions Company 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.