Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells $710,355.28 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 63,368 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $11.21, for a total value of $710,355.28. Following the completion of the transaction, the insider now directly owns 2,311,615 shares in the company, valued at approximately $25,913,204.15. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Christopher Harborne also recently made the following trade(s):

• On Thursday, February 6th, Christopher Harborne sold 14,970 shares of Innovative Solutions and Support stock. The shares were sold at an average price of $11.59, for a total value of $173,502.30.
• 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 shares were 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 value 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 stock opened at $11.03 on Friday. 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 twelve month low of $4.91 and a twelve month high of $12.17. The company has a market cap of $193.47 million, a P/E ratio of 27.58 and a beta of 1.03. The business has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $7.66.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently modified their holdings of the business. Isthmus Partners LLC lifted its position in shares of Innovative Solutions and Support by 17.9% during the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock worth $1,627,000 after buying an additional 28,882 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in 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 purchasing an additional 59,940 shares during the last quarter. Barclays PLC bought a new position in Innovative Solutions and Support in the third quarter valued at about $32,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support in the third quarter valued at about $155,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Innovative Solutions and Support in the third quarter valued at about $466,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Company 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.