Isthmus Partners LLC Acquires 28,882 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Isthmus Partners LLC increased its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,460 shares of the aerospace company’s stock after buying an additional 28,882 shares during the quarter. Isthmus Partners LLC owned 1.09% of Innovative Solutions and Support worth $1,627,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ISSC. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $287,000 after acquiring an additional 9,888 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Innovative Solutions and Support during the 3rd quarter worth approximately $466,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $155,000. Barclays PLC acquired a new stake in Innovative Solutions and Support in the third quarter valued at approximately $32,000. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of Innovative Solutions and Support by 100.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock worth $1,024,000 after buying an additional 59,940 shares during the last quarter. 28.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock in a transaction that occurred on 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 transaction, the insider now directly owns 2,501,169 shares of the company’s stock, valued at $27,062,648.58. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $6.65 on Monday. The stock’s 50-day moving average is $9.26 and its 200-day moving average is $7.96. Innovative Solutions and Support, Inc. has a 1-year low of $4.91 and a 1-year high of $12.17. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The stock has a market cap of $116.67 million, a P/E ratio of 17.50 and a beta of 1.13.

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

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.