Mesirow Financial Investment Management Inc. Has $1.02 Million Stock Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Mesirow Financial Investment Management Inc. increased its position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 100.0% during the fourth quarter, according to its most recent 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 period. Mesirow Financial Investment Management Inc. owned about 0.68% of Innovative Solutions and Support worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC bought a new stake in Innovative Solutions and Support during the 3rd quarter worth $32,000. Corsair Capital Management L.P. bought a new stake in Innovative Solutions and Support during the 3rd quarter worth $155,000. Pekin Hardy Strauss Inc. bought a new stake in Innovative Solutions and Support during the 3rd quarter worth $466,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after acquiring an additional 9,888 shares during the last quarter. Institutional investors own 28.53% of the company’s stock.

Insider Buying and Selling at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now owns 2,501,169 shares in the company, valued at approximately $27,062,648.58. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 263,623 shares of company stock worth $2,911,665. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Innovative Solutions and Support Trading Down 1.0 %

Shares of ISSC stock opened at $6.65 on Friday. The stock’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $7.95. 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 $116.67 million, a P/E ratio of 17.50 and a beta of 1.13. 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) last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.04 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 company had revenue of $15.97 million during the quarter.

Innovative Solutions and Support Profile

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.