Insider Buying: Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Director Buys $27,320.00 in Stock

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Director Glen R. Bressner acquired 4,000 shares of Innovative Solutions and Support stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $6.83 per share, with a total value of $27,320.00. Following the completion of the purchase, the director now owns 128,201 shares in the company, valued at approximately $875,612.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Innovative Solutions and Support Price Performance

ISSC opened at $7.00 on Monday. Innovative Solutions and Support, Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $9.00. The business has a 50-day moving average of $6.10 and a 200-day moving average of $6.76. The company has a market capitalization of $122.46 million, a PE ratio of 19.44 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently made changes to their positions in ISSC. Victory Capital Management Inc. purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter worth about $93,000. Quadrature Capital Ltd purchased a new stake in shares of Innovative Solutions and Support during the 1st quarter worth about $117,000. Gabelli Funds LLC raised its stake 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 purchasing an additional 18,585 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of Innovative Solutions and Support during the 1st quarter valued at about $439,000. Finally, Isthmus Partners LLC increased its holdings in shares of Innovative Solutions and Support by 4.4% during the 4th quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock valued at $1,147,000 after acquiring an additional 5,642 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other 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.