LPL Financial LLC Lowers Holdings in Research Solutions, Inc. (NASDAQ:RSSS)

LPL Financial LLC lowered its holdings in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 351,759 shares of the company’s stock after selling 11,550 shares during the period. LPL Financial LLC’s holdings in Research Solutions were worth $1,460,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RSSS. Guerra Pan Advisors LLC purchased a new position in Research Solutions during the 4th quarter valued at approximately $42,000. Heron Bay Capital Management bought a new position in shares of Research Solutions during the 4th quarter valued at approximately $50,000. King Luther Capital Management Corp purchased a new position in shares of Research Solutions in the fourth quarter valued at $415,000. White Pine Capital LLC increased its position in Research Solutions by 168.0% in the fourth quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock worth $491,000 after purchasing an additional 74,174 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Research Solutions by 36.4% during the third quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock valued at $651,000 after purchasing an additional 63,581 shares during the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Price Performance

Shares of RSSS stock opened at $2.80 on Friday. Research Solutions, Inc. has a 1 year low of $2.32 and a 1 year high of $4.24. The company has a market cap of $91.41 million, a PE ratio of -18.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.61. The stock’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $3.22.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. Equities research analysts expect that Research Solutions, Inc. will post 0.05 EPS for the current 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.