Information Services Group, Inc. (NASDAQ:III) Director Sells $24,922.08 in Stock

Information Services Group, Inc. (NASDAQ:III) Director Bruce Pfau sold 7,692 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $3.24, for a total transaction of $24,922.08. Following the completion of the sale, the director now directly owns 155,840 shares in the company, valued at approximately $504,921.60. This represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Information Services Group Price Performance

NASDAQ III opened at $3.53 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.22. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.98.

Information Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Tuesday, December 3rd. Information Services Group’s payout ratio is presently -257.11%.

Hedge Funds Weigh In On Information Services Group

Several large investors have recently modified their holdings of the stock. ClariVest Asset Management LLC raised its position in shares of Information Services Group by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 3,345 shares during the period. Rhumbline Advisers grew its stake in shares of Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 4,075 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Information Services Group by 13.1% in the second quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 5,074 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Information Services Group by 4.5% in the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 7,515 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Information Services Group in the third quarter valued at about $32,000. 73.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on III. Barrington Research boosted their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.