Alambic Investment Management L.P. bought a new stake in Innovative Solutions & Support Inc (NASDAQ:ISSC) during the 1st quarter, Holdings Channel.com reports. The firm bought 21,983 shares of the aerospace company’s stock, valued at approximately $70,000.
Separately, EAM Investors LLC bought a new position in shares of Innovative Solutions & Support during the 4th quarter worth approximately $1,024,000. 25.32% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine lowered shares of Innovative Solutions & Support from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th.
Innovative Solutions & Support (NASDAQ:ISSC) last released its earnings results on Wednesday, May 13th. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $4.84 million for the quarter. Innovative Solutions & Support had a return on equity of 6.27% and a net margin of 12.14%.
About Innovative Solutions & Support
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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