White Pine Capital LLC Grows Stock Holdings in Research Solutions, Inc. (NASDAQ:RSSS)

White Pine Capital LLC lifted its stake in Research Solutions, Inc. (NASDAQ:RSSS - Free Report) by 168.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,322 shares of the company's stock after buying an additional 74,174 shares during the quarter. White Pine Capital LLC owned about 0.36% of Research Solutions worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RSSS. Bard Associates Inc. boosted its position in shares of Research Solutions by 1.4% in the third quarter. Bard Associates Inc. now owns 626,725 shares of the company's stock worth $1,711,000 after purchasing an additional 8,455 shares during the period. Needham Investment Management LLC boosted its position in shares of Research Solutions by 5.5% in the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company's stock worth $7,849,000 after purchasing an additional 150,000 shares during the period. Luxor Capital Group LP boosted its position in shares of 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 purchasing an additional 197,346 shares during the period. Geode Capital Management LLC boosted its position 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 worth $651,000 after purchasing an additional 63,581 shares during the period. Finally, Guerra Pan Advisors LLC bought a new position in shares of Research Solutions in the fourth quarter worth approximately $42,000. Institutional investors own 33.60% of the company's stock.

Research Solutions Stock Performance

Shares of RSSS traded down $0.15 during mid-day trading on Tuesday, reaching $3.47. The stock had a trading volume of 449,384 shares, compared to its average volume of 149,251. The firm has a market cap of $113.89 million, a price-to-earnings ratio of -43.38, a PEG ratio of 5.03 and a beta of 0.54. Research Solutions, Inc. has a 12 month low of $2.38 and a 12 month high of $4.24. The business has a fifty day moving average of $3.90 and a 200 day moving average of $3.21.

Research Solutions (NASDAQ:RSSS - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Research Solutions had a positive return on equity of 8.43% and a negative net margin of 4.57%. The company had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. On average, research analysts forecast that Research Solutions, Inc. will post 0.05 EPS for the current fiscal year.

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.