Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,535 shares of the aerospace company’s stock after purchasing an additional 12,495 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.32% of Innovative Solutions and Support worth $483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ISSC. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $466,000. Mesirow Financial Investment Management Inc. lifted its position in shares of Innovative Solutions and Support by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock worth $1,024,000 after purchasing an additional 59,940 shares during the period. Isthmus Partners LLC lifted its position in shares of Innovative Solutions and Support by 17.9% in the 4th quarter. Isthmus Partners LLC now owns 190,460 shares of the aerospace company’s stock worth $1,627,000 after purchasing an additional 28,882 shares during the period. Corsair Capital Management L.P. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $155,000. Finally, Barclays PLC purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $32,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Stock Down 4.7 %

Shares of Innovative Solutions and Support stock opened at $6.65 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.22 and a quick ratio of 3.02. The company has a 50-day moving average of $8.89 and a 200 day moving average of $7.93. The firm has a market cap of $116.67 million, a price-to-earnings ratio of 17.50 and a beta of 1.13. Innovative Solutions and Support, Inc. has a 1 year low of $4.91 and a 1 year high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results 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). The business had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Insider Buying and Selling

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 10,000 shares of Innovative Solutions and Support stock in a transaction dated 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 approximately $26,413,653.04. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 263,623 shares of company stock worth $2,911,665 in the last three months. 4.40% of the stock is owned by corporate insiders.

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.