Research Solutions, Inc. (NASDAQ:RSSS) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Research Solutions, Inc. (NASDAQ:RSSS) by 36.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 136,932 shares of the company’s stock after acquiring an additional 36,599 shares during the period. Oppenheimer Asset Management Inc. owned about 0.42% of Research Solutions worth $349,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Legato Capital Management LLC increased its stake in Research Solutions by 556.1% in the second 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 during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of Research Solutions by 19.5% during the 1st quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company’s stock worth $3,689,000 after acquiring an additional 190,681 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Research Solutions in the first quarter worth approximately $561,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Stock Performance

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

About Research Solutions

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.