Parthenon LLC Raises Stake in Research Solutions, Inc. (NASDAQ:RSSS)

Parthenon LLC boosted its stake in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392,284 shares of the company’s stock after buying an additional 26,000 shares during the quarter. Parthenon LLC owned approximately 1.20% of Research Solutions worth $1,628,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RSSS. Luxor Capital Group LP increased its position in Research Solutions by 122.4% in 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 last quarter. White Pine Capital LLC increased its holdings in Research Solutions by 168.0% in the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock worth $491,000 after acquiring an additional 74,174 shares during the last quarter. Geode Capital Management LLC raised its stake in Research Solutions by 36.4% in 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 during the period. Hodges Capital Management Inc. lifted its holdings in Research Solutions by 63.8% during the fourth quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock valued at $2,135,000 after purchasing an additional 200,480 shares during the last quarter. Finally, Needham Investment Management LLC boosted 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 worth $7,849,000 after purchasing an additional 150,000 shares during the period. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Stock Down 5.5 %

RSSS opened at $3.28 on Thursday. The firm has a 50-day moving average price of $3.89 and a 200-day moving average price of $3.22. Research Solutions, Inc. has a twelve month low of $2.38 and a twelve month high of $4.24. The company has a market capitalization of $107.09 million, a price-to-earnings ratio of -21.87, a PEG ratio of 4.83 and a beta of 0.54.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $11.91 million during the quarter, compared to analysts’ expectations of $11.86 million. Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.37%. On average, sell-side analysts expect that Research Solutions, Inc. will post 0.05 earnings per share for the current fiscal year.

About Research Solutions

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.