Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells $780,204.79 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 69,599 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.21, for a total transaction of $780,204.79. Following the sale, the insider now directly owns 2,431,570 shares of the company’s stock, valued at approximately $27,257,899.70. The trade was a 2.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Christopher Harborne also recently made the following trade(s):

• On Tuesday, January 21st, Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00.
• On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $10.16, for a total value of $101,600.00.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ ISSC opened at $11.14 on Monday. The stock has a market cap of $195.40 million, a PE ratio of 27.85 and a beta of 1.00. Innovative Solutions and Support, Inc. has a 1 year low of $4.91 and a 1 year high of $11.50. The firm has a fifty day moving average price of $8.43 and a 200-day moving average price of $7.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 5th.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after buying an additional 8,760 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Innovative Solutions and Support during the third quarter worth $466,000. Gabelli Funds LLC boosted its position in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 9,888 shares in the last quarter. Finally, Corsair Capital Management L.P. bought a new stake in Innovative Solutions and Support in the 3rd quarter valued at $155,000. Institutional investors own 28.53% of the company’s stock.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.