24,577 Shares in Research Solutions, Inc. (NASDAQ:RSSS) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new stake in shares of Research Solutions, Inc. (NASDAQ:RSSSFree Report) during the third quarter, HoldingsChannel reports. The fund purchased 24,577 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Punch & Associates Investment Management Inc. grew its holdings in shares of Research Solutions by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 384,600 shares of the company’s stock worth $962,000 after purchasing an additional 4,600 shares during the last quarter. BlackRock Inc. grew its holdings in Research Solutions by 18.0% during the 2nd quarter. BlackRock Inc. now owns 47,969 shares of the company’s stock worth $98,000 after acquiring an additional 7,326 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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. Charles Schwab Investment Management Inc. bought a new position in Research Solutions during the 2nd quarter worth about $37,000. Finally, Hodges Capital Management Inc. lifted its position in shares of Research Solutions by 90.2% during 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 during the last quarter. Hedge funds and other institutional investors own 34.97% of the company’s stock.

Research Solutions Stock Performance

RSSS stock opened at $2.80 on Monday. The firm has a market cap of $91.34 million, a price-to-earnings ratio of -140.00 and a beta of 0.55. The firm has a 50-day simple moving average of $2.68 and a two-hundred day simple moving average of $2.44. Research Solutions, Inc. has a one year low of $1.80 and a one year high of $3.00.

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

Insider Buying and Selling at Research Solutions

In related news, major shareholder Peter Derycz sold 27,814 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $2.64, for a total value of $73,428.96. Following the completion of the transaction, the insider now directly owns 3,233,962 shares of the company’s stock, valued at approximately $8,537,659.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 128,480 shares of company stock valued at $338,933. 26.47% of the stock is currently owned by insiders.

Research Solutions 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.

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

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