Cove Street Capital LLC Has $7.32 Million Stock Holdings in Research Solutions, Inc. (NASDAQ:RSSS)

Cove Street Capital LLC trimmed its position in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 32.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,764,650 shares of the company’s stock after selling 842,214 shares during the quarter. Research Solutions makes up approximately 8.5% of Cove Street Capital LLC’s holdings, making the stock its largest position. Cove Street Capital LLC owned 0.05% of Research Solutions worth $7,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guerra Pan Advisors LLC bought a new position in shares of Research Solutions in the 4th quarter worth about $42,000. Heron Bay Capital Management bought a new position in shares of Research Solutions during the fourth quarter valued at approximately $50,000. Bard Associates Inc. lifted its holdings in shares of Research Solutions by 3.6% during the fourth 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 during the last quarter. Parthenon LLC boosted its position 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 purchasing an additional 26,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Research Solutions by 36.4% in the 3rd 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. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Trading Down 1.9 %

Shares of NASDAQ:RSSS opened at $2.65 on Friday. The stock has a fifty day simple moving average of $3.32 and a two-hundred day simple moving average of $3.25. Research Solutions, Inc. has a 12-month low of $2.38 and a 12-month high of $4.24. The stock has a market capitalization of $86.51 million, a price-to-earnings ratio of -17.67, a PEG ratio of 4.33 and a beta of 0.55.

Research Solutions (NASDAQ:RSSS) 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). The firm had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $11.86 million. Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. As a group, equities research analysts predict that Research Solutions, Inc. will post 0.05 EPS 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.