Christopher Harborne Sells 10,000 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $10.16, for a total value of $101,600.00. Following the transaction, the insider now owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 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 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.

Innovative Solutions and Support Trading Up 5.5 %

ISSC stock opened at $11.24 on Friday. Innovative Solutions and Support, Inc. has a 1-year low of $4.91 and a 1-year high of $11.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. The company has a market capitalization of $197.10 million, a price-to-earnings ratio of 28.10 and a beta of 1.00. The business has a 50 day simple moving average of $8.29 and a two-hundred day simple moving average of $7.24.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results 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 “strong-buy” rating to a “buy” rating in a research note on Sunday, January 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $32,000. James Investment Research Inc. bought a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $68,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $155,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 acquiring an additional 9,888 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of 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 acquiring an additional 18,585 shares in the last quarter. 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.