James Investment Research Inc. Invests $68,000 in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

James Investment Research Inc. bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,400 shares of the aerospace company’s stock, valued at approximately $68,000. James Investment Research Inc. owned 0.06% of Innovative Solutions and Support as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of Innovative Solutions and Support during the 1st quarter valued at $117,000. Gabelli Funds LLC increased its stake in 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. Isthmus Partners LLC raised its holdings in shares of Innovative Solutions and Support by 46.1% in the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock worth $1,438,000 after purchasing an additional 61,993 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after purchasing an additional 8,760 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Trading Down 0.7 %

NASDAQ:ISSC opened at $7.25 on Friday. The firm’s fifty day simple moving average is $6.86 and its 200 day simple moving average is $6.41. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $9.00. The firm has a market capitalization of $126.88 million, a price-to-earnings ratio of 19.59 and a beta of 1.06.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Friday, August 9th. The aerospace company reported $0.11 EPS for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%. The company had revenue of $11.77 million for the quarter.

Insiders Place Their Bets

In other news, Director Glen R. Bressner purchased 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $6.83 per share, with a total value of $27,320.00. Following the acquisition, the director now owns 128,201 shares in the company, valued at approximately $875,612.83. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Glen R. Bressner acquired 5,000 shares of Innovative Solutions and Support stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the purchase, the director now directly owns 123,201 shares of the company’s stock, valued at $804,502.53. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glen R. Bressner bought 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $6.83 per share, with a total value of $27,320.00. Following the transaction, the director now directly owns 128,201 shares in the company, valued at approximately $875,612.83. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

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.