Hodges Capital Management Inc. Has $650,000 Stock Position in Research Solutions Inc. $RSSS

Key Points

• Hodges Capital Management Inc. significantly reduced its stake in Research Solutions Inc. by 51.4%, selling 264,595 shares in the first quarter, leaving it with a total of 250,000 shares valued at $650,000.
• Other institutional investors have also shown activity in Research Solutions, with Northern Trust Corp increasing its position by 13.2% and various funds acquiring new positions during the fourth quarter.
• The current market price of Research Solutions Inc. is $3.29, with a market capitalization of approximately $106.79 million and a price-to-earnings ratio of -23.50.

Hodges Capital Management Inc. lessened its holdings in shares of Research Solutions Inc. (NASDAQ:RSSS - Free Report) by 51.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250,000 shares of the company's stock after selling 264,595 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.77% of Research Solutions worth $650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Research Solutions during the fourth quarter valued at approximately $56,000. Millennium Management LLC bought a new position in Research Solutions during the fourth quarter valued at approximately $65,000. Occudo Quantitative Strategies LP bought a new position in Research Solutions during the fourth quarter valued at approximately $97,000. NewEdge Advisors LLC bought a new position in shares of Research Solutions in the first quarter valued at approximately $71,000. Finally, Jane Street Group LLC bought a new position in shares of Research Solutions in the fourth quarter valued at approximately $138,000. Institutional investors own 33.60% of the company's stock.

Research Solutions Stock Up 1.2%

Shares of NASDAQ:RSSS traded up $0.05 during trading on Thursday, reaching $3.75. The stock had a trading volume of 414,810 shares, compared to its average volume of 82,826. Research Solutions Inc. has a 52 week low of $2.32 and a 52 week high of $4.24. The firm has a market capitalization of $121.56 million, a price-to-earnings ratio of -26.75, a P/E/G ratio of 3.89 and a beta of 0.66. The stock has a fifty day simple moving average of $2.93 and a two-hundred day simple moving average of $2.83.

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.