North Star Investment Management Corp. Buys New Stake in Research Solutions Inc. $RSSS

North Star Investment Management Corp. purchased a new position in shares of Research Solutions Inc. (NASDAQ:RSSS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 333,518 shares of the company’s stock, valued at approximately $754,000. North Star Investment Management Corp. owned 1.01% of Research Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of Research Solutions in the 4th quarter valued at about $65,000. NewEdge Advisors LLC acquired a new stake in Research Solutions during the first quarter worth about $71,000. Jane Street Group LLC grew its holdings in Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after acquiring an additional 15,438 shares during the period. Topline Capital Management LLC acquired a new stake in Research Solutions during the second quarter worth about $125,000. Finally, Goldman Sachs Group Inc. raised its position in Research Solutions by 18.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after acquiring an additional 6,729 shares in the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on RSSS shares. Maxim Group decreased their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 15th. Weiss Ratings cut shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Lake Street Capital cut their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Research Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

Research Solutions Price Performance

Shares of RSSS stock opened at $2.29 on Tuesday. The company has a market cap of $76.60 million, a price-to-earnings ratio of 16.36 and a beta of 0.77. The stock has a 50 day simple moving average of $2.35 and a 200-day simple moving average of $2.52. Research Solutions Inc. has a 1-year low of $2.00 and a 1-year high of $4.12.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $12.12 million during the quarter, compared to analyst estimates of $12.37 million. Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. Analysts anticipate that Research Solutions Inc. will post 0.09 earnings per share for the current fiscal year.

Research Solutions Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.