WealthTrust Axiom LLC Has $6.73 Million Stock Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

WealthTrust Axiom LLC cut its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 788,994 shares of the aerospace company’s stock after selling 4,111 shares during the period. Innovative Solutions and Support comprises approximately 2.3% of WealthTrust Axiom LLC’s portfolio, making the stock its 9th biggest holding. WealthTrust Axiom LLC’s holdings in Innovative Solutions and Support were worth $6,730,000 at the end of the most recent quarter.

Separately, Punch & Associates Investment Management Inc. bought a new position in shares of Innovative Solutions and Support in the third quarter valued at approximately $327,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analyst Ratings Changes

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

Innovative Solutions and Support Stock Performance

NASDAQ ISSC traded down $0.10 on Tuesday, hitting $6.52. 12,988 shares of the stock traded hands, compared to its average volume of 38,831. The business’s fifty day moving average is $7.44 and its two-hundred day moving average is $7.69. Innovative Solutions and Support, Inc. has a 12 month low of $6.29 and a 12 month high of $9.00. The firm has a market capitalization of $113.84 million, a price-to-earnings ratio of 18.39 and a beta of 1.04.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 17.20% and a net margin of 16.98%. The business had revenue of $9.31 million during the quarter.

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.