Corsair Capital Management L.P. Takes Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Corsair Capital Management L.P. acquired a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,735 shares of the aerospace company’s stock, valued at approximately $155,000. Corsair Capital Management L.P. owned approximately 0.14% of Innovative Solutions and Support at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. purchased a new position in Innovative Solutions and Support during the third quarter worth $466,000. Gabelli Funds LLC increased its position in Innovative Solutions and Support by 42.2% during the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 18,585 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support in the 1st quarter valued at about $117,000. James Investment Research Inc. purchased a new position in Innovative Solutions and Support in the 3rd quarter valued at about $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 purchasing an additional 9,888 shares during the last quarter. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $7.72 on Wednesday. The firm has a market capitalization of $135.10 million, a price-to-earnings ratio of 20.86 and a beta of 1.06. The company has a 50 day moving average price of $7.09 and a 200 day moving average price of $6.54. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $9.00.

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.