Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. grew its stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,880 shares of the aerospace company's stock after acquiring an additional 59,940 shares during the quarter. Mesirow Financial Investment Management Inc. owned about 0.68% of Innovative Solutions and Support worth $1,024,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barclays PLC acquired a new stake in Innovative Solutions and Support during the third quarter worth about $32,000. Corsair Capital Management L.P. purchased a new position in Innovative Solutions and Support in the third quarter worth approximately $155,000. Pekin Hardy Strauss Inc. acquired a new stake in Innovative Solutions and Support during the third quarter worth $466,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Innovative Solutions and Support by 29.0% in 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 purchasing an additional 9,888 shares during the period. Hedge funds and other institutional investors own 28.53% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Innovative Solutions and Support from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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Insider Activity

In related news, major shareholder Christopher Harborne sold 7,086 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $11.17, for a total transaction of $79,150.62. Following the completion of the transaction, the insider now directly owns 2,417,771 shares in the company, valued at $27,006,502.07. This trade represents a 0.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 263,623 shares of company stock valued at $2,911,665. 4.40% of the stock is currently owned by corporate insiders.

Innovative Solutions and Support Trading Up 0.2 %

ISSC stock traded up $0.01 during mid-day trading on Wednesday, hitting $6.56. 139,888 shares of the company were exchanged, compared to its average volume of 96,143. The business has a fifty day simple moving average of $9.17 and a 200-day simple moving average of $7.95. The firm has a market capitalization of $115.10 million, a P/E ratio of 17.26 and a beta of 1.14. Innovative Solutions and Support, Inc. has a 12-month low of $4.91 and a 12-month high of $12.17. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55.

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

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.