Hodges Capital Management Inc. Increases Stake in Research Solutions, Inc. (NASDAQ:RSSS)

Hodges Capital Management Inc. raised its position in shares of Research Solutions, Inc. (NASDAQ:RSSS - Free Report) by 63.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,595 shares of the company's stock after acquiring an additional 200,480 shares during the period. Hodges Capital Management Inc. owned approximately 1.57% of Research Solutions worth $2,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Guerra Pan Advisors LLC bought a new stake in Research Solutions during the fourth quarter worth approximately $42,000. Renaissance Technologies LLC increased its position in shares of Research Solutions by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 117,100 shares of the company's stock valued at $299,000 after purchasing an additional 13,089 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Research Solutions by 8.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 187,122 shares of the company's stock valued at $511,000 after buying an additional 14,950 shares during the period. Geode Capital Management LLC lifted 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 buying an additional 63,581 shares during the last quarter. Finally, Luxor Capital Group LP lifted its position in Research Solutions by 122.4% in the third 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 during the last quarter. 33.60% of the stock is currently owned by institutional investors.

Research Solutions Stock Performance

RSSS stock traded up $0.19 during mid-day trading on Friday, reaching $3.96. 98,732 shares of the stock traded hands, compared to its average volume of 145,053. Research Solutions, Inc. has a one year low of $2.38 and a one year high of $4.24. The stock has a market capitalization of $129.97 million, a PE ratio of -49.50, a PEG ratio of 4.27 and a beta of 0.54. The business has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $3.16.

Research Solutions 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.