Heron Bay Capital Management Invests $50,000 in Research Solutions, Inc. (NASDAQ:RSSS)

Heron Bay Capital Management purchased a new position in shares of Research Solutions, Inc. (NASDAQ:RSSS) in the fourth quarter, HoldingsChannel reports. The firm purchased 12,120 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds have also modified their holdings of the company. Guerra Pan Advisors LLC purchased a new position in Research Solutions during the 4th quarter valued at about $42,000. King Luther Capital Management Corp purchased a new position in Research Solutions during the 4th quarter valued at about $415,000. White Pine Capital LLC boosted its holdings in Research Solutions by 168.0% during the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock valued at $491,000 after acquiring an additional 74,174 shares during the period. Geode Capital Management LLC boosted its holdings 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 during the period. Finally, Luxor Capital Group LP boosted its holdings in 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 period. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Price Performance

Shares of Research Solutions stock opened at $2.79 on Friday. The business has a 50-day moving average of $3.43 and a 200 day moving average of $3.25. Research Solutions, Inc. has a 12 month low of $2.38 and a 12 month high of $4.24. The stock has a market capitalization of $91.09 million, a price-to-earnings ratio of -18.60, a price-to-earnings-growth ratio of 4.33 and a beta of 0.55.

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). The firm had revenue of $11.91 million for 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 6.59%. Equities research analysts anticipate that Research Solutions, Inc. will post 0.05 earnings per share for the current 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.