Renaissance Technologies LLC Increases Position in Research Solutions, Inc. (NASDAQ:RSSS)

Renaissance Technologies LLC raised its holdings in shares of Research Solutions, Inc. (NASDAQ:RSSS - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,900 shares of the company's stock after buying an additional 97,154 shares during the period. Renaissance Technologies LLC owned about 0.67% of Research Solutions worth $917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RSSS. Hodges Capital Management Inc. raised its stake in shares of 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 acquiring an additional 200,480 shares in the last quarter. King Luther Capital Management Corp bought a new stake in shares of Research Solutions during the fourth quarter valued at approximately $415,000. White Pine Capital LLC raised its stake in shares of Research Solutions by 168.0% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Research Solutions by 36.4% during the third 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 in the last quarter. Finally, Parthenon LLC raised its stake in shares of Research Solutions by 7.1% during the fourth quarter. Parthenon LLC now owns 392,284 shares of the company's stock valued at $1,628,000 after acquiring an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 33.60% of the company's stock.

Research Solutions Stock Performance

Research Solutions stock opened at $2.74 on Thursday. The company has a 50 day moving average price of $2.73 and a 200-day moving average price of $3.22. Research Solutions, Inc. has a fifty-two week low of $2.32 and a fifty-two week high of $4.24. The company has a market capitalization of $89.45 million, a PE ratio of -18.27, a P/E/G ratio of 4.33 and a beta of 0.61.

Research Solutions (NASDAQ:RSSS - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. The company had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. On average, analysts forecast that Research Solutions, Inc. will post 0.05 earnings per share for the current 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.

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