Millennium Management LLC Takes $65,000 Position in Research Solutions, Inc. (NASDAQ:RSSS)

Millennium Management LLC bought a new stake in shares of Research Solutions, Inc. (NASDAQ:RSSS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,557 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds have also modified their holdings of the stock. Bard Associates Inc. lifted its holdings in shares of Research Solutions by 3.6% during the 4th quarter. Bard Associates Inc. now owns 649,321 shares of the company’s stock valued at $2,695,000 after buying an additional 22,596 shares during the last quarter. Parthenon LLC increased its position in shares of 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 purchasing an additional 26,000 shares during the period. Geode Capital Management LLC boosted its stake in Research Solutions by 10.5% in the 4th quarter. Geode Capital Management LLC now owns 263,600 shares of the company’s stock valued at $1,094,000 after buying an additional 25,141 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Research Solutions by 78.5% in the 4th quarter. Renaissance Technologies LLC now owns 220,900 shares of the company’s stock valued at $917,000 after buying an additional 97,154 shares in the last quarter. Finally, White Pine Capital LLC boosted its stake in Research Solutions by 168.0% in the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock valued at $491,000 after buying an additional 74,174 shares in the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Research Solutions stock opened at $2.78 on Friday. Research Solutions, Inc. has a 52 week low of $2.32 and a 52 week high of $4.24. The firm has a market cap of $90.24 million, a P/E ratio of -18.53, a P/E/G ratio of 4.33 and a beta of 0.65. The business’s fifty day moving average is $2.75 and its two-hundred day moving average is $3.23.

Research Solutions Company 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.