Innovative Solutions & Support Inc (NASDAQ:ISSC) Director Robert E. Mittelstaedt, Jr. Sells 14,133 Shares

Innovative Solutions & Support Inc (NASDAQ:ISSC) Director Robert E. Mittelstaedt, Jr. sold 14,133 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $5.08, for a total value of $71,795.64. Following the completion of the transaction, the director now directly owns 209,525 shares in the company, valued at approximately $1,064,387. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Innovative Solutions & Support stock traded up $0.17 during trading on Thursday, reaching $5.17. The company’s stock had a trading volume of 6,318 shares, compared to its average volume of 24,274. Innovative Solutions & Support Inc has a 12-month low of $2.02 and a 12-month high of $5.94. The firm has a market capitalization of $91.65 million, a P/E ratio of 180.67 and a beta of -0.30. The business’s 50 day simple moving average is $5.19.

Innovative Solutions & Support (NASDAQ:ISSC) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Innovative Solutions & Support had a net margin of 2.67% and a return on equity of 1.27%. The business had revenue of $4.59 million during the quarter.

Several institutional investors have recently bought and sold shares of the stock. WealthTrust Axiom LLC lifted its holdings in Innovative Solutions & Support by 0.5% during the 1st quarter. WealthTrust Axiom LLC now owns 1,417,199 shares of the aerospace company’s stock worth $4,265,000 after buying an additional 7,025 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Innovative Solutions & Support by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 422,776 shares of the aerospace company’s stock worth $2,156,000 after buying an additional 18,989 shares during the last quarter. BlackRock Inc. lifted its holdings in Innovative Solutions & Support by 1.4% during the 2nd quarter. BlackRock Inc. now owns 463,607 shares of the aerospace company’s stock worth $2,364,000 after buying an additional 6,368 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Innovative Solutions & Support by 51.4% during the 2nd quarter. Vanguard Group Inc. now owns 216,185 shares of the aerospace company’s stock worth $1,103,000 after buying an additional 73,362 shares during the last quarter. Hedge funds and other institutional investors own 23.87% of the company’s stock.

A number of research analysts have recently issued reports on the company. TheStreet raised Innovative Solutions & Support from a “d+” rating to a “c” rating in a report on Thursday, May 9th. ValuEngine lowered Innovative Solutions & Support from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

Innovative Solutions & Support Company Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.

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