Luxor Capital Group LP Boosts Holdings in Research Solutions, Inc. (NASDAQ:RSSS)

Luxor Capital Group LP grew its holdings in shares of Research Solutions, Inc. (NASDAQ:RSSS - Free Report) by 122.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,608 shares of the company's stock after acquiring an additional 197,346 shares during the period. Research Solutions comprises approximately 0.1% of Luxor Capital Group LP's holdings, making the stock its 29th largest position. Luxor Capital Group LP owned about 1.10% of Research Solutions worth $979,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Legato Capital Management LLC boosted its holdings in Research Solutions by 556.1% in the 2nd quarter. Legato Capital Management LLC now owns 228,782 shares of the company's stock worth $583,000 after buying an additional 193,910 shares during the period. Vanguard Group Inc. boosted its position in shares of Research Solutions by 19.5% during the first quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company's stock worth $3,689,000 after acquiring an additional 190,681 shares during the last quarter. Needham Investment Management LLC grew its stake in Research Solutions by 5.5% during the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company's stock valued at $7,849,000 after acquiring an additional 150,000 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Research Solutions by 41.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company's stock valued at $439,000 after acquiring an additional 50,655 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Research Solutions by 36.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 136,932 shares of the company's stock worth $349,000 after purchasing an additional 36,599 shares in the last quarter. Institutional investors own 33.60% of the company's stock.

Research Solutions Trading Up 3.2 %

Shares of NASDAQ:RSSS traded up $0.12 during mid-day trading on Monday, reaching $3.90. The stock had a trading volume of 191,052 shares, compared to its average volume of 66,583. The business's 50 day moving average price is $2.90 and its 200 day moving average price is $2.75. Research Solutions, Inc. has a 1 year low of $2.38 and a 1 year high of $3.95. The company has a market cap of $126.79 million, a P/E ratio of -47.25, a price-to-earnings-growth ratio of 4.20 and a beta of 0.60.

Research Solutions (NASDAQ:RSSS - Get Free Report) last posted its earnings results on Thursday, September 19th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Research Solutions had a positive return on equity of 8.43% and a negative net margin of 4.57%. The firm had revenue of $12.13 million during the quarter, compared to the consensus estimate of $11.50 million. Analysts predict that Research Solutions, Inc. will post 0.06 earnings per share for the current fiscal 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.