Central Square Management Lowers stake in Innovative Solutions & Support Inc (ISSC)

Innovative Solutions & Support Inc (ISSC) : Central Square Management reduced its stake in Innovative Solutions & Support Inc by 16.82% during the most recent quarter end. The investment management company now holds a total of 603,813 shares of Innovative Solutions & Support Inc which is valued at $1,720,867 after selling 122,104 shares in Innovative Solutions & Support Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Innovative Solutions & Support Inc makes up approximately 3.54% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Ingalls Snyder sold out all of its stake in ISSC during the most recent quarter. The investment firm sold 49,900 shares of ISSC which is valued $142,215. Globeflex Capital L P added ISSC to its portfolio by purchasing 375 company shares during the most recent quarter which is valued at $1,069.Wealthtrust Axiom reduced its stake in ISSC by selling 17,735 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 1,634,717 shares of ISSC which is valued at $4,462,777. Innovative Solutions & Support Inc makes up approx 1.68% of Wealthtrust Axiom’s portfolio.

Innovative Solutions & Support Inc opened for trading at $3.07 and hit $3.12 on the upside on Thursday, eventually ending the session at $3.12, with a gain of 0.65% or 0.02 points. The heightened volatility saw the trading volume jump to 3,615 shares. Company has a market cap of $53 M.

Innovative Solutions and Support Inc. is a systems integrator that designs manufactures sells and services flight guidance and cockpit display systems for original equipment manufacturers (OEMs) and retrofit applications. The Company supplies integrated Flight Management Systems (FMS) and advanced Global Positioning System (GPS) receivers that enable reduced carbon footprint navigation. The Company sells to both the OEMs and retrofit market. Customers include various OEMs commercial air transport carriers and corporate/general aviation companies DoD and its commercial contractors aircraft operators aircraft modification centers and foreign militaries. Occasionally IS&S sells its products directly to DoD; however the Company sells its products primarily to commercial customers for end use in DoD programs.

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