Insider Selling: Information Services Group, Inc. (NASDAQ:III) Director Sells 3,369 Shares of Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 3,369 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $3.35, for a total value of $11,286.15. Following the completion of the transaction, the director now owns 374,413 shares of the company’s stock, valued at $1,254,283.55. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kalpana Raina also recently made the following trade(s):

• On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05.

Information Services Group Stock Performance

Shares of III stock opened at $3.35 on Monday. The firm’s 50 day moving average is $3.21 and its 200 day moving average is $3.22. The stock has a market capitalization of $164.39 million, a P/E ratio of -47.86, a PEG ratio of 2.72 and a beta of 0.96. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $4.98. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.045 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.37%. Information Services Group’s dividend payout ratio is currently -257.14%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on III shares. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research lifted their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Information Services Group

Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock worth $2,709,000 after purchasing an additional 70,135 shares in the last quarter. Barclays PLC lifted its holdings in shares of Information Services Group by 52.5% in the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock worth $334,000 after buying an additional 34,816 shares in the last quarter. State Street Corp lifted its holdings in shares of Information Services Group by 3.2% in the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after buying an additional 17,796 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Information Services Group in the third quarter valued at approximately $60,000. Finally, GSA Capital Partners LLP grew its stake in Information Services Group by 30.7% during the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 26,019 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

About Information Services Group

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.