Research Solutions, Inc. (NASDAQ:RSSS) Shares Sold by Perritt Capital Management Inc

Perritt Capital Management Inc trimmed its position in Research Solutions, Inc. (NASDAQ:RSSS) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,900 shares of the company’s stock after selling 25,798 shares during the period. Research Solutions makes up about 0.8% of Perritt Capital Management Inc’s portfolio, making the stock its 23rd largest holding. Perritt Capital Management Inc owned 1.15% of Research Solutions worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guerra Pan Advisors LLC acquired a new stake in shares of Research Solutions in the fourth quarter valued at $42,000. Heron Bay Capital Management acquired a new stake in Research Solutions in the 4th quarter valued at about $50,000. King Luther Capital Management Corp acquired a new stake in Research Solutions in the 4th quarter valued at about $415,000. White Pine Capital LLC boosted its position in shares of Research Solutions by 168.0% during the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock valued at $491,000 after purchasing an additional 74,174 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 purchasing an additional 63,581 shares during the last quarter. 33.60% of the stock is owned by institutional investors.

Research Solutions Price Performance

RSSS stock opened at $2.60 on Wednesday. The firm has a market cap of $84.88 million, a PE ratio of -17.33, a P/E/G ratio of 4.33 and a beta of 0.55. Research Solutions, Inc. has a 12 month low of $2.38 and a 12 month high of $4.24. The firm has a 50 day simple moving average of $3.27 and a 200 day simple moving average of $3.26.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $11.91 million during the quarter, compared to the consensus estimate 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, sell-side analysts expect that Research Solutions, Inc. will post 0.05 earnings per share 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.