Corsair Capital Management L.P. Acquires New Position in Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Corsair Capital Management L.P. bought a new position in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) during the third quarter, HoldingsChannel reports. The firm bought 23,735 shares of the aerospace company’s stock, valued at approximately $155,000.

Several other hedge funds also recently made changes to their positions in the company. Pekin Hardy Strauss Inc. bought a new position in Innovative Solutions and Support during the third quarter worth $466,000. Quadrature Capital Ltd acquired a new stake in shares of Innovative Solutions and Support in the 1st quarter worth about $117,000. Gabelli Funds LLC lifted its position in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the last quarter. James Investment Research Inc. acquired a new position in Innovative Solutions and Support during the 3rd quarter valued at about $68,000. Finally, Dimensional Fund Advisors LP grew its position in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Stock Performance

Shares of ISSC opened at $7.72 on Wednesday. Innovative Solutions and Support, Inc. has a one year low of $4.91 and a one year high of $9.00. The stock’s fifty day moving average is $7.09 and its 200-day moving average is $6.54. The firm has a market capitalization of $135.10 million, a price-to-earnings ratio of 20.86 and a beta of 1.06.

Innovative Solutions and Support 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.