Penn Capital Management Company LLC Invests $781,000 in Innovative Solutions and Support, Inc. $ISSC

Penn Capital Management Company LLC bought a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 43,398 shares of the aerospace company’s stock, valued at approximately $781,000.

A number of other institutional investors have also made changes to their positions in ISSC. Legal & General Group Plc bought a new stake in Innovative Solutions and Support during the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Innovative Solutions and Support during the fourth quarter worth approximately $36,000. Bank of America Corp DE lifted its position in shares of Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 7,792 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Innovative Solutions and Support by 496.6% during the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 6,342 shares during the last quarter. 28.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ISSC shares. Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings cut Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.25.

Innovative Solutions and Support Price Performance

Shares of ISSC stock opened at $20.65 on Friday. The firm’s 50 day moving average price is $19.57 and its two-hundred day moving average price is $21.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94. The stock has a market cap of $369.49 million, a PE ratio of 19.67 and a beta of 0.59.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, August 13th. The aerospace company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $23.98 million. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. As a group, analysts forecast that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current year.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc (NASDAQ: ISSC) is a provider of technology solutions and mission support services to U.S. federal government agencies, with a focus on defense, intelligence, and national security programs. The company delivers integrated program management, systems engineering, and advanced IT infrastructure support designed to enhance operational readiness and maintain secure, scalable environments for mission-critical operations.

Its core service offerings include systems integration, custom software development, data analytics, cybersecurity, and logistics management.