Legato Capital Management LLC Sells 51,593 Shares of Research Solutions, Inc. (NASDAQ:RSSS)

Legato Capital Management LLC trimmed its holdings in Research Solutions, Inc. (NASDAQ:RSSS) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,189 shares of the company’s stock after selling 51,593 shares during the quarter. Legato Capital Management LLC owned about 0.54% of Research Solutions worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RSSS. Hodges Capital Management Inc. increased its stake in shares of Research Solutions by 63.8% in the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock worth $2,135,000 after acquiring an additional 200,480 shares in the last quarter. Luxor Capital Group LP increased its stake in Research Solutions by 122.4% during the 3rd quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock valued at $979,000 after purchasing an additional 197,346 shares in the last quarter. Needham Investment Management LLC increased its stake in Research Solutions by 5.5% during the 3rd quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company’s stock valued at $7,849,000 after purchasing an additional 150,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Research Solutions by 36.4% during the 3rd 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 in the last quarter. Finally, Guerra Pan Advisors LLC bought a new stake in Research Solutions during the 4th quarter valued at about $42,000. 33.60% of the stock is currently owned by institutional investors.

Research Solutions Stock Performance

NASDAQ:RSSS opened at $3.91 on Friday. The firm has a market cap of $128.33 million, a P/E ratio of -48.88, a P/E/G ratio of 5.03 and a beta of 0.54. Research Solutions, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $4.24. The firm has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $3.19.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Research Solutions had a negative net margin of 4.57% and a positive return on equity of 8.43%. On average, equities research analysts predict that Research Solutions, Inc. will post 0.05 EPS for the current year.

Research Solutions 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.