Information Services Group, Inc. (NASDAQ:III) Director Bruce Pfau Sells 7,692 Shares

Information Services Group, Inc. (NASDAQ:III) Director Bruce Pfau sold 7,692 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $3.24, for a total transaction of $24,922.08. Following the completion of the transaction, the director now owns 155,840 shares in the company, valued at $504,921.60. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Information Services Group Stock Up 5.7 %

Shares of Information Services Group stock opened at $3.53 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a 12-month low of $2.92 and a 12-month high of $4.98. The firm’s 50-day moving average price is $3.22 and its two-hundred day moving average price is $3.22.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.10%. Information Services Group’s dividend payout ratio (DPR) is currently -257.11%.

Analyst Ratings Changes

III has been the topic of a number of analyst reports. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research increased 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 note on Monday, November 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in III. CHICAGO TRUST Co NA bought a new position in shares of Information Services Group in the second quarter worth about $30,000. Arkadios Wealth Advisors bought a new position in Information Services Group in the 2nd quarter valued at approximately $32,000. Copeland Capital Management LLC bought a new position in Information Services Group in the 3rd quarter valued at approximately $32,000. The Manufacturers Life Insurance Company bought a new position in Information Services Group in the 2nd quarter valued at approximately $35,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Information Services Group in the 1st quarter valued at approximately $45,000. Institutional investors own 73.10% of the company’s stock.

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.