Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) major shareholder Christopher Harborne sold 14,970 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $11.59, for a total value of $173,502.30. Following the completion of the transaction, the insider now owns 2,296,645 shares of the company's stock, valued at approximately $26,618,115.55. This represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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, February 4th, Christopher Harborne sold 63,368 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.21, for a total transaction of $710,355.28.
- On Thursday, January 30th, Christopher Harborne sold 7,086 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.17, for a total value of $79,150.62.
- On Thursday, January 23rd, Christopher Harborne sold 69,599 shares of Innovative Solutions and Support stock. The stock was sold at an average price of $11.21, for a total value of $780,204.79.
- 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 transaction of $1,066,852.00.
- On Friday, January 17th, Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $10.16, for a total value of $101,600.00.
Innovative Solutions and Support Price Performance
Shares of ISSC traded up $0.22 during midday trading on Tuesday, hitting $10.96. The company's stock had a trading volume of 151,520 shares, compared to its average volume of 254,248. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $12.17. The stock has a market capitalization of $192.31 million, a price-to-earnings ratio of 27.35 and a beta of 1.03. The company's fifty day simple moving average is $9.22 and its two-hundred day simple moving average is $7.76.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last released its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share (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
A number of institutional investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter worth $466,000. Mesirow Financial Investment Management Inc. grew its position in Innovative Solutions and Support by 100.0% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company's stock worth $1,024,000 after acquiring an additional 59,940 shares during the last quarter. Virtu Financial LLC acquired a new position in Innovative Solutions and Support in the 4th quarter worth about $339,000. Isthmus Partners LLC raised its position in Innovative Solutions and Support by 17.9% in the fourth quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company's stock valued at $1,627,000 after purchasing an additional 28,882 shares during the last quarter. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Innovative Solutions and Support during the third quarter valued at about $155,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd.
View Our Latest Analysis on ISSC
About Innovative Solutions and Support
(
Get Free Report)
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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