Acadian Asset Management LLC Sells 8,389 Shares of Research Solutions, Inc. (NASDAQ:RSSS)

Acadian Asset Management LLC decreased its stake in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,437 shares of the company’s stock after selling 8,389 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of Research Solutions worth $79,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RSSS. Legato Capital Management LLC boosted its stake in shares of Research Solutions by 556.1% during the 2nd quarter. Legato Capital Management LLC now owns 228,782 shares of the company’s stock valued at $583,000 after purchasing an additional 193,910 shares in the last quarter. Vanguard Group Inc. lifted its position in Research Solutions by 19.5% during the 1st quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company’s stock valued at $3,689,000 after acquiring an additional 190,681 shares during the period. Essex Investment Management Co. LLC purchased a new position in Research Solutions during the 1st quarter valued at about $561,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Research Solutions by 41.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock valued at $439,000 after acquiring an additional 50,655 shares during the period. Institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of NASDAQ RSSS opened at $2.82 on Friday. Research Solutions, Inc. has a 1 year low of $2.17 and a 1 year high of $3.50. The stock has a market cap of $91.04 million, a P/E ratio of -94.00, a price-to-earnings-growth ratio of 17.73 and a beta of 0.57. The firm has a 50-day moving average of $2.72 and a 200 day moving average of $2.80.

Research Solutions Company Profile

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.