Punch & Associates Investment Management Inc. Makes New Investment in Research Solutions Inc. $RSSS

Punch & Associates Investment Management Inc. purchased a new position in shares of Research Solutions Inc. (NASDAQ:RSSS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,552,455 shares of the company’s stock, valued at approximately $5,922,000. Punch & Associates Investment Management Inc. owned approximately 0.08% of Research Solutions as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RSSS. Bard Associates Inc. bought a new position in shares of Research Solutions in the 2nd quarter valued at approximately $1,413,000. Rothschild Wealth LLC bought a new stake in Research Solutions during the fourth quarter worth approximately $1,049,000. North Star Investment Management Corp. acquired a new position in Research Solutions during the first quarter valued at approximately $754,000. Navalign LLC grew its holdings in Research Solutions by 154.7% during the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after purchasing an additional 152,546 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Research Solutions in the second quarter valued at approximately $332,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

Wall Street Analysts Forecast Growth

RSSS has been the subject of several recent analyst reports. Maxim Group decreased their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 15th. Roth Capital reiterated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a report on Friday, May 15th. Lake Street Capital cut their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Research Solutions has an average rating of “Moderate Buy” and a consensus target price of $3.83.

Research Solutions Stock Performance

Shares of RSSS stock opened at $2.24 on Thursday. The firm has a fifty day moving average of $2.25 and a 200-day moving average of $2.33. The stock has a market cap of $74.93 million, a price-to-earnings ratio of 16.00 and a beta of 0.75. Research Solutions Inc. has a 52-week low of $2.00 and a 52-week high of $4.12.

Research Solutions Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.