Research Solutions, Inc. (NASDAQ:RSSS) Holdings Lowered by Cove Street Capital LLC

Cove Street Capital LLC cut its stake in Research Solutions, Inc. (NASDAQ:RSSS - Free Report) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 largest holding. Cove Street Capital LLC owned about 5.38% of Research Solutions worth $7,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RSSS. Guerra Pan Advisors LLC bought a new position in shares of Research Solutions during the 4th quarter worth approximately $42,000. Heron Bay Capital Management acquired a new stake in Research Solutions in the 4th quarter valued at $50,000. Bard Associates Inc. increased its stake in Research Solutions by 3.6% during the 4th quarter. Bard Associates Inc. now owns 649,321 shares of the company's stock valued at $2,695,000 after purchasing an additional 22,596 shares in the last quarter. Parthenon LLC boosted its stake in shares of Research Solutions by 7.1% in the 4th quarter. Parthenon LLC now owns 392,284 shares of the company's stock worth $1,628,000 after buying an additional 26,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Research Solutions by 36.4% in the third quarter. Geode Capital Management LLC now owns 238,459 shares of the company's stock worth $651,000 after acquiring an additional 63,581 shares during the period. Institutional investors and hedge funds own 33.60% of the company's stock.

Research Solutions Stock Performance

NASDAQ RSSS traded down $0.14 during trading hours on Thursday, hitting $2.46. The company had a trading volume of 106,831 shares, compared to its average volume of 87,557. Research Solutions, Inc. has a 52 week low of $2.35 and a 52 week high of $4.24. The firm has a market capitalization of $80.31 million, a price-to-earnings ratio of -16.40, a PEG ratio of 4.33 and a beta of 0.55. The firm has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.25.

Research Solutions (NASDAQ:RSSS - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. The business had revenue of $11.91 million during the quarter, compared to analysts' expectations of $11.86 million. On average, research 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.