Virtu Financial LLC Takes $339,000 Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Virtu Financial LLC acquired a new position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 39,665 shares of the aerospace company's stock, valued at approximately $339,000. Virtu Financial LLC owned approximately 0.23% of Innovative Solutions and Support as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Isthmus Partners LLC lifted its stake in Innovative Solutions and Support by 17.9% during 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. Mesirow Financial Investment Management Inc. increased its holdings in shares of Innovative Solutions and Support by 100.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company's stock valued at $1,024,000 after buying an additional 59,940 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Innovative Solutions and Support by 28.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,535 shares of the aerospace company's stock valued at $483,000 after acquiring an additional 12,495 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth $32,000. Institutional investors own 28.53% of the company's stock.

Innovative Solutions and Support Trading Down 2.9 %

NASDAQ ISSC traded down $0.19 on Monday, hitting $6.31. 65,201 shares of the company were exchanged, compared to its average volume of 97,039. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $12.17. The firm has a market capitalization of $110.71 million, a P/E ratio of 16.61 and a beta of 1.13. The company's 50 day moving average price is $8.63 and its 200-day moving average price is $7.94.

Remove Ads

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

Analyst Ratings Changes

Separately, StockNews.com raised Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Monday, March 24th.

Insider Buying and Selling at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock in a transaction dated 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 owns 2,599,769 shares of the company's stock, valued at $26,413,653.04. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 263,623 shares of company stock valued at $2,911,665 in the last three months. 4.40% of the stock is currently 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.