Northern Trust Corp Acquires 4,989 Shares of Research Solutions, Inc. (NASDAQ:RSSS)

Northern Trust Corp boosted its holdings in Research Solutions, Inc. (NASDAQ:RSSS) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,706 shares of the company’s stock after acquiring an additional 4,989 shares during the quarter. Northern Trust Corp owned 0.13% of Research Solutions worth $177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Greenhaven Road Investment Management L.P. increased its stake in 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 purchasing an additional 3,925 shares during the period. Heron Bay Capital Management purchased a new stake in Research Solutions during the 4th quarter valued at $50,000. Bard Associates Inc. lifted its position in Research Solutions by 3.6% during the fourth quarter. Bard Associates Inc. now owns 649,321 shares of the company’s stock valued at $2,695,000 after purchasing an additional 22,596 shares during the period. Geode Capital Management LLC boosted its position in Research Solutions by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 263,600 shares of the company’s stock worth $1,094,000 after purchasing an additional 25,141 shares during the last quarter. Finally, Parthenon LLC increased its holdings in Research Solutions by 7.1% during the fourth quarter. Parthenon LLC now owns 392,284 shares of the company’s stock valued at $1,628,000 after buying an additional 26,000 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Trading Down 0.4%

Research Solutions stock opened at $2.75 on Tuesday. The firm has a 50 day moving average of $2.70 and a 200 day moving average of $3.25. The firm has a market capitalization of $89.26 million, a price-to-earnings ratio of -18.33, a P/E/G ratio of 4.33 and a beta of 0.66. Research Solutions, Inc. has a 12-month low of $2.32 and a 12-month 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.