Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,000 shares of the aerospace company’s stock after selling 6,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.70% of Innovative Solutions and Support worth $1,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC acquired a new stake in Innovative Solutions and Support in the 3rd quarter worth about $32,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter worth approximately $107,000. XTX Topco Ltd purchased a new stake in Innovative Solutions and Support in the fourth quarter valued at approximately $119,000. Walleye Capital LLC purchased a new position in Innovative Solutions and Support during the fourth quarter worth approximately $287,000. Finally, Virtu Financial LLC acquired a new position in shares of Innovative Solutions and Support in the 4th quarter valued at $339,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Friday, April 11th.

Innovative Solutions and Support Stock Up 3.0 %

Shares of NASDAQ:ISSC opened at $6.09 on Friday. Innovative Solutions and Support, Inc. has a 1 year low of $4.91 and a 1 year high of $12.17. The stock has a 50-day simple moving average of $6.89 and a 200-day simple moving average of $7.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 5.22. The stock has a market capitalization of $106.85 million, a P/E ratio of 16.03 and a beta of 0.88.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%. The business had revenue of $15.97 million during the quarter.

Insider Activity at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 69,599 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $11.21, for a total value of $780,204.79. Following the completion of the transaction, the insider now owns 2,431,570 shares in the company, valued at $27,257,899.70. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 253,623 shares of company stock worth $2,810,065. Corporate insiders own 4.40% of the company’s stock.

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.