Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Christopher Harborne Sells 10,000 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock in a transaction on Friday, January 17th. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the insider now directly owns 2,599,769 shares in the company, valued at $26,413,653.04. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was sold at an average price of $10.82, for a total transaction of $1,066,852.00.

Innovative Solutions and Support Trading Down 1.5 %

Shares of Innovative Solutions and Support stock opened at $10.65 on Thursday. The firm has a market cap of $186.80 million, a PE ratio of 26.63 and a beta of 1.00. 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, Inc. has a 1 year low of $4.91 and a 1 year high of $11.29. The stock has a fifty day moving average price of $8.23 and a 200-day moving average price of $7.21.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings 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 worth $2,509,000 after purchasing an additional 8,760 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Innovative Solutions and Support in the 3rd quarter worth approximately $466,000. Gabelli Funds LLC boosted its stake in Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after buying an additional 18,585 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position 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 during the last quarter. Finally, Corsair Capital Management L.P. purchased a new position in shares of Innovative Solutions and Support during the third quarter worth approximately $155,000. Hedge funds and other 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.