Cubist Systematic Strategies LLC Invests $56,000 in Research Solutions, Inc. (NASDAQ:RSSS)

Cubist Systematic Strategies LLC bought a new position in Research Solutions, Inc. (NASDAQ:RSSS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 13,408 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Research Solutions in the 4th quarter worth about $138,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Research Solutions in the 4th quarter worth about $62,000. Northern Trust Corp increased its stake in shares of Research Solutions by 13.2% in the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company’s stock worth $177,000 after acquiring an additional 4,989 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its stake in shares of Research Solutions by 10.8% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 40,251 shares of the company’s stock worth $167,000 after acquiring an additional 3,925 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Research Solutions in the 4th quarter worth about $112,000. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Price Performance

Shares of Research Solutions stock opened at $2.89 on Tuesday. The company has a 50-day moving average of $2.70 and a 200 day moving average of $3.25. The firm has a market cap of $93.81 million, a price-to-earnings ratio of -19.27, a PEG ratio of 4.33 and a beta of 0.66. Research Solutions, Inc. has a 1 year low of $2.32 and a 1 year high of $4.24.

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.