Christopher Harborne Sells 98,600 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 98,600 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the completion of the transaction, the insider now directly owns 2,501,169 shares in the company, valued at $27,062,648.58. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• 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 transaction of $101,600.00.

Innovative Solutions and Support Trading Down 1.5 %

Shares of NASDAQ:ISSC traded down $0.16 during mid-day trading on Wednesday, reaching $10.65. 360,067 shares of the company's stock were exchanged, compared to its average volume of 263,985. The firm has a market capitalization of $186.80 million, a price-to-earnings ratio of 26.63 and a beta of 1.00. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $11.29. The business's fifty day moving average price is $8.23 and its 200-day moving average price is $7.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its 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%.

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently bought and sold shares of ISSC. Barclays PLC acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at about $32,000. Pekin Hardy Strauss Inc. bought a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $466,000. Gabelli Funds LLC grew its position in shares of Innovative Solutions and Support by 42.2% during the 2nd 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 during the period. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter valued at $68,000. Finally, Dimensional Fund Advisors LP boosted its stake in Innovative Solutions and Support by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company's stock worth $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company's stock.

Analyst Ratings Changes

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

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.

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