Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Director Glen R. Bressner Acquires 4,000 Shares

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Director Glen R. Bressner purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $6.83 per share, with a total value of $27,320.00. Following the completion of the transaction, the director now directly owns 128,201 shares of the company’s stock, valued at approximately $875,612.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Innovative Solutions and Support Trading Up 4.9 %

NASDAQ:ISSC traded up $0.33 during trading hours on Friday, hitting $7.03. The company had a trading volume of 29,935 shares, compared to its average volume of 43,805. Innovative Solutions and Support, Inc. has a 1 year low of $4.91 and a 1 year high of $9.00. The company has a market cap of $122.98 million, a P/E ratio of 19.53 and a beta of 1.08. The company has a 50-day moving average of $6.08 and a 200 day moving average of $6.78.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Monday, May 13th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter. Innovative Solutions and Support had a net margin of 15.42% and a return on equity of 16.24%. The firm had revenue of $10.74 million during the quarter.

Institutional Trading of Innovative Solutions and Support

Several institutional investors have recently made changes to their positions in the company. Isthmus Partners LLC grew its position in Innovative Solutions and Support by 4.4% in the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock worth $1,147,000 after acquiring an additional 5,642 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Innovative Solutions and Support in the 4th quarter valued at $93,000. Quadrature Capital Ltd purchased a new position in shares of Innovative Solutions and Support during the 1st quarter worth $117,000. Dimensional Fund Advisors LP increased its position in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after buying an additional 18,585 shares during the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 31st.

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.