King Luther Capital Management Corp Buys Shares of 100,000 Research Solutions, Inc. (NASDAQ:RSSS)

King Luther Capital Management Corp purchased a new position in shares of Research Solutions, Inc. (NASDAQ:RSSS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company's stock, valued at approximately $415,000. King Luther Capital Management Corp owned 0.30% of Research Solutions as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Guerra Pan Advisors LLC purchased a new stake in Research Solutions in the 4th quarter valued at approximately $42,000. White Pine Capital LLC lifted its holdings 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 valued at $491,000 after buying an additional 74,174 shares during the period. Geode Capital Management LLC boosted its stake 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 buying an additional 63,581 shares in the last quarter. Luxor Capital Group LP grew its holdings in Research Solutions by 122.4% during the third quarter. Luxor Capital Group LP now owns 358,608 shares of the company's stock worth $979,000 after acquiring an additional 197,346 shares during the period. Finally, Parthenon LLC grew its holdings in Research Solutions by 7.1% during the fourth quarter. Parthenon LLC now owns 392,284 shares of the company's stock worth $1,628,000 after acquiring an additional 26,000 shares during the period. 33.60% of the stock is owned by hedge funds and other institutional investors.

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Research Solutions Stock Performance

Research Solutions stock traded down $0.07 during midday trading on Monday, reaching $2.90. The company's stock had a trading volume of 29,460 shares, compared to its average volume of 90,440. The firm has a market capitalization of $94.68 million, a PE ratio of -19.33, a P/E/G ratio of 4.33 and a beta of 0.55. Research Solutions, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $4.24. The stock's 50 day simple moving average is $3.55 and its 200 day simple moving average is $3.25.

Research Solutions (NASDAQ:RSSS - Get Free Report) 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). Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. The company had revenue of $11.91 million during the quarter, compared to analyst estimates of $11.86 million. Equities analysts predict that Research Solutions, Inc. will post 0.05 earnings per share for the current 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.