Research Solutions, Inc. (NASDAQ:RSSS) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in shares of Research Solutions, Inc. (NASDAQ:RSSSFree Report) by 5.1% in the third quarter, HoldingsChannel.com reports. The firm owned 103,304 shares of the company’s stock after buying an additional 4,977 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Research Solutions were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSSS. Dynamic Advisor Solutions LLC grew its holdings in Research Solutions by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 128,765 shares of the company’s stock worth $263,000 after acquiring an additional 4,685 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Research Solutions by 1.2% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 384,600 shares of the company’s stock valued at $962,000 after purchasing an additional 4,600 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Research Solutions by 90.2% in the second quarter. Hodges Capital Management Inc. now owns 322,040 shares of the company’s stock valued at $976,000 after buying an additional 152,714 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Research Solutions by 15.6% during the 3rd quarter. Royal Bank of Canada now owns 224,136 shares of the company’s stock valued at $457,000 after acquiring an additional 30,290 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Research Solutions by 30.8% during the 2nd quarter. Geode Capital Management LLC now owns 89,231 shares of the company’s stock worth $182,000 after acquiring an additional 21,034 shares in the last quarter. Institutional investors own 34.97% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Peter Derycz sold 20,113 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $2.60, for a total transaction of $52,293.80. Following the sale, the insider now owns 3,068,174 shares in the company, valued at $7,977,252.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 128,480 shares of company stock worth $338,933 over the last ninety days. 26.47% of the stock is currently owned by company insiders.

Research Solutions Stock Down 2.8 %

Shares of NASDAQ RSSS opened at $2.80 on Friday. Research Solutions, Inc. has a 52-week low of $1.80 and a 52-week high of $3.00. The stock has a market capitalization of $91.34 million, a price-to-earnings ratio of -140.00 and a beta of 0.55. The stock’s fifty day simple moving average is $2.68 and its 200 day simple moving average is $2.44.

Research Solutions (NASDAQ:RSSSGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Research Solutions had a negative return on equity of 6.24% and a negative net margin of 1.05%. The company had revenue of $10.06 million for the quarter, compared to analyst estimates of $9.76 million. As a group, analysts anticipate that Research Solutions, Inc. will post -0.08 earnings per share for the current year.

Research Solutions Company Profile

(Free Report)

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.

See Also

Want to see what other hedge funds are holding RSSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Research Solutions, Inc. (NASDAQ:RSSSFree Report).

Institutional Ownership by Quarter for Research Solutions (NASDAQ:RSSS)

Receive News & Ratings for Research Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Research Solutions and related companies with MarketBeat.com's FREE daily email newsletter.