Cove Street Capital LLC Sells 419,332 Shares of Research Solutions Inc. $RSSS

Key Points

• Cove Street Capital LLC has reduced its stake in Research Solutions Inc. by 23.8%, selling 419,332 shares and now owning approximately 1.35 million shares, representing about 4.14% of the company's total shares.
• Despite the sell-off, Research Solutions' stock price has shown a positive trend, increasing by 3.1% to $3.28 on the day of the report, with a market capitalization of $106.47 million.
• Institutional ownership of Research Solutions is significant, comprising 33.60% of its shares, with several other funds also acquiring new positions in the company over the last quarter.

Cove Street Capital LLC decreased its holdings in Research Solutions Inc. (NASDAQ:RSSS - Free Report) by 23.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,345,318 shares of the company's stock after selling 419,332 shares during the quarter. Research Solutions accounts for approximately 5.5% of Cove Street Capital LLC's holdings, making the stock its 3rd biggest holding. Cove Street Capital LLC owned 4.14% of Research Solutions worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RSSS. Northern Trust Corp increased its position in shares of Research Solutions by 13.2% during the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company's stock worth $177,000 after purchasing an additional 4,989 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Research Solutions during the 4th quarter worth about $138,000. Marshall Wace LLP acquired a new stake in shares of Research Solutions during the 4th quarter worth about $112,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Research Solutions during the 4th quarter worth about $97,000. Finally, Millennium Management LLC acquired a new stake in shares of Research Solutions during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 33.60% of the company's stock.

Research Solutions Trading Up 2.2%

Shares of Research Solutions stock traded up $0.07 during mid-day trading on Tuesday, reaching $3.23. 11,766 shares of the stock were exchanged, compared to its average volume of 80,419. The company has a market cap of $104.85 million, a price-to-earnings ratio of -23.03, a price-to-earnings-growth ratio of 3.69 and a beta of 0.66. The firm has a 50-day simple moving average of $2.88 and a 200 day simple moving average of $2.81. Research Solutions Inc. has a fifty-two week low of $2.32 and a fifty-two week high of $4.24.

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.