Virtu Financial LLC Makes New $339,000 Investment in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Virtu Financial LLC purchased a new position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,665 shares of the aerospace company’s stock, valued at approximately $339,000. Virtu Financial LLC owned about 0.23% of Innovative Solutions and Support as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Innovative Solutions and Support by 100.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock valued at $1,024,000 after acquiring an additional 59,940 shares during the period. Barclays PLC bought a new position in Innovative Solutions and Support in the 3rd quarter worth about $32,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Innovative Solutions and Support by 28.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company’s stock valued at $483,000 after buying an additional 12,495 shares during the last quarter. Finally, Isthmus Partners LLC raised its holdings in shares of Innovative Solutions and Support by 17.9% during the fourth quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock valued at $1,627,000 after buying an additional 28,882 shares during the last quarter. 28.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 10,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the sale, the insider now directly owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 263,623 shares of company stock valued at $2,911,665. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Monday.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $6.71 on Friday. The firm has a market capitalization of $117.73 million, a PE ratio of 17.66 and a beta of 1.13. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $8.70 and a 200 day moving average price of $7.93. Innovative Solutions and Support, Inc. has a 52-week low of $4.91 and a 52-week high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%. The company had revenue of $15.97 million during the quarter.

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.