Penn Capital Management Company LLC Buys New Shares in Innovative Solutions and Support, Inc. $ISSC

Penn Capital Management Company LLC purchased a new stake in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,398 shares of the aerospace company’s stock, valued at approximately $781,000. Penn Capital Management Company LLC owned 0.24% of Innovative Solutions and Support at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ISSC. Empowered Funds LLC acquired a new position in shares of Innovative Solutions and Support during the second quarter valued at about $200,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support in the second quarter valued at about $10,259,000. Bank of America Corp DE acquired a new stake in Innovative Solutions and Support during the second quarter worth about $215,000. Man Group plc acquired a new stake in Innovative Solutions and Support during the second quarter worth about $2,558,000. Finally, Ancora Advisors LLC bought a new position in Innovative Solutions and Support during the second quarter valued at about $1,525,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Innovative Solutions and Support Stock Performance

Innovative Solutions and Support stock opened at $20.65 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.97 and a quick ratio of 1.49. The stock has a fifty day moving average price of $19.57 and a two-hundred day moving average price of $21.03. Innovative Solutions and Support, Inc. has a 52-week low of $8.13 and a 52-week high of $30.94. The firm has a market capitalization of $369.49 million, a P/E 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 for the quarter, compared to the consensus estimate 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 anticipate that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current fiscal 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.