Cove Street Capital LLC Decreases Stake in Research Solutions, Inc. (NASDAQ:RSSS)

Cove Street Capital LLC trimmed its position in Research Solutions, Inc. (NASDAQ:RSSS) by 32.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,764,650 shares of the company’s stock after selling 842,214 shares during the period. Research Solutions accounts for 8.5% of Cove Street Capital LLC’s investment portfolio, making the stock its biggest position. Cove Street Capital LLC owned about 5.38% of Research Solutions worth $7,320,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Needham Investment Management LLC grew its holdings in shares of Research Solutions by 5.5% during the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company’s stock worth $7,849,000 after purchasing an additional 150,000 shares in the last quarter. Luxor Capital Group LP grew its stake in Research Solutions by 122.4% in the 3rd quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock worth $979,000 after buying an additional 197,346 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Research Solutions by 36.4% in the 3rd quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock worth $651,000 after buying an additional 63,581 shares during the last quarter. Guerra Pan Advisors LLC purchased a new stake in shares of Research Solutions during the 4th quarter valued at $42,000. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Research Solutions by 63.8% during the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock worth $2,135,000 after acquiring an additional 200,480 shares during the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Shares of NASDAQ:RSSS opened at $2.65 on Friday. The firm has a fifty day moving average of $3.32 and a 200 day moving average of $3.25. Research Solutions, Inc. has a 52-week low of $2.38 and a 52-week high of $4.24. The firm has a market capitalization of $86.51 million, a PE ratio of -17.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.55.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. On average, 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.