Information Services Group, Inc. (NASDAQ:III) Director Sells $63,715.05 in Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total value of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company’s stock, valued at approximately $1,343,324.79. This represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 15th, Kalpana Raina sold 3,369 shares of Information Services Group stock. The stock was sold at an average price of $3.35, for a total value of $11,286.15.

Information Services Group Stock Performance

III traded up $0.01 during trading on Friday, reaching $3.35. The company’s stock had a trading volume of 100,092 shares, compared to its average volume of 103,618. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. The company’s fifty day moving average price is $3.20 and its 200-day moving average price is $3.22. The company has a market capitalization of $164.38 million, a price-to-earnings ratio of -47.71, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.98.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio (DPR) is currently -257.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on III shares. Singular Research upgraded Information Services Group to a “moderate buy” rating in a report on Wednesday, August 28th. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Barrington Research increased their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research report on Monday.

Institutional Investors Weigh In On Information Services Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. CHICAGO TRUST Co NA purchased a new position in Information Services Group in the 2nd quarter valued at approximately $30,000. Arkadios Wealth Advisors acquired a new stake in Information Services Group in the 2nd quarter valued at about $32,000. Copeland Capital Management LLC purchased a new position in Information Services Group during the 3rd quarter valued at about $32,000. The Manufacturers Life Insurance Company acquired a new position in Information Services Group during the second quarter worth about $35,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Information Services Group in the first quarter valued at about $45,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.