Parthenon LLC Purchases 26,000 Shares of Research Solutions, Inc. (NASDAQ:RSSS)

Parthenon LLC raised its position in Research Solutions, Inc. (NASDAQ:RSSS) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,284 shares of the company’s stock after purchasing an additional 26,000 shares during the period. Parthenon LLC’s holdings in Research Solutions were worth $1,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RSSS. Needham Investment Management LLC boosted its stake 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 buying an additional 150,000 shares during the period. Bard Associates Inc. raised its holdings in shares of Research Solutions by 1.4% in the 3rd quarter. Bard Associates Inc. now owns 626,725 shares of the company’s stock valued at $1,711,000 after acquiring an additional 8,455 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Research Solutions by 63.8% in the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock valued at $2,135,000 after acquiring an additional 200,480 shares in the last quarter. Luxor Capital Group LP boosted its position in shares of Research Solutions by 122.4% during the 3rd quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock valued at $979,000 after acquiring an additional 197,346 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Research Solutions by 36.4% in the third quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock worth $651,000 after purchasing an additional 63,581 shares during the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Price Performance

Shares of RSSS opened at $3.28 on Thursday. Research Solutions, Inc. has a 1-year low of $2.38 and a 1-year high of $4.24. The company has a market capitalization of $107.09 million, a P/E ratio of -21.87, a P/E/G ratio of 4.83 and a beta of 0.54. The firm’s 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.22.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Research Solutions had a negative return on equity of 6.37% and a negative net margin of 8.41%. The company had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. On average, equities analysts anticipate that Research Solutions, Inc. will post 0.05 earnings per share 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.