Research Solutions, Inc. (NASDAQ:RSSS) Shares Bought by Renaissance Technologies LLC

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

Other hedge funds have also recently added to or reduced their stakes in the company. Guerra Pan Advisors LLC acquired a new position in shares of Research Solutions during the fourth quarter valued at $42,000. Heron Bay Capital Management bought a new stake in shares of Research Solutions during the 4th quarter worth about $50,000. King Luther Capital Management Corp bought a new stake in shares of Research Solutions during the 4th quarter worth about $415,000. White Pine Capital LLC lifted its stake in shares of Research Solutions by 168.0% in the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company's stock worth $491,000 after acquiring an additional 74,174 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $651,000 after acquiring an additional 63,581 shares in the last quarter. Institutional investors own 33.60% of the company's stock.

Research Solutions Trading Down 2.1 %

NASDAQ:RSSS traded down $0.06 during midday trading on Tuesday, hitting $2.75. 9,076 shares of the stock were exchanged, compared to its average volume of 89,217. The business has a 50-day moving average price of $2.71 and a two-hundred day moving average price of $3.22. The company has a market capitalization of $89.78 million, a price-to-earnings ratio of -18.33, a P/E/G ratio of 4.33 and a beta of 0.66. Research Solutions, Inc. has a one year low of $2.32 and a one year high of $4.24.

Research Solutions (NASDAQ:RSSS - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $11.91 million during the quarter, compared to analyst estimates of $11.86 million. Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. Sell-side analysts forecast that Research Solutions, Inc. will post 0.05 EPS for the current fiscal 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.