Insider Selling: Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Major Shareholder Sells 10,000 Shares of Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) major shareholder Christopher Harborne sold 10,000 shares of the company’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 completion of the transaction, the insider now directly owns 2,599,769 shares of the company’s stock, valued at $26,413,653.04. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 transaction of $1,066,852.00.

Innovative Solutions and Support Stock Performance

Innovative Solutions and Support stock traded down $0.16 during mid-day trading on Wednesday, reaching $10.65. 360,067 shares of the company’s stock were exchanged, compared to its average volume of 263,985. The business’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $7.21. 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 one year low of $4.91 and a one year high of $11.29. The firm has a market capitalization of $186.80 million, a PE ratio of 26.63 and a beta of 1.00.

Innovative Solutions and Support (NASDAQ:ISSC) last announced 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 Analysts Forecast Growth

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new stake in Innovative Solutions and Support in the 3rd quarter worth $32,000. Pekin Hardy Strauss Inc. bought a new position in shares of Innovative Solutions and Support during the third quarter valued at approximately $466,000. Gabelli Funds LLC boosted its holdings 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 acquiring an additional 18,585 shares in the last quarter. James Investment Research Inc. purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at $68,000. Finally, Dimensional Fund Advisors LP raised its stake in Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after buying an additional 8,760 shares in the last quarter. 28.53% of the stock is owned by institutional investors.

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.