Information Services Group, Inc. (NASDAQ:III) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in Information Services Group, Inc. (NASDAQ:III) by 30.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,895 shares of the business services provider’s stock after purchasing an additional 26,019 shares during the quarter. GSA Capital Partners LLP’s holdings in Information Services Group were worth $366,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CHICAGO TRUST Co NA acquired a new position in Information Services Group in the 2nd quarter worth about $30,000. Arkadios Wealth Advisors purchased a new stake in Information Services Group during the 2nd quarter worth approximately $32,000. Copeland Capital Management LLC purchased a new stake in Information Services Group during the 3rd quarter worth approximately $32,000. The Manufacturers Life Insurance Company purchased a new stake in Information Services Group during the 2nd quarter worth approximately $35,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Information Services Group during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Analyst Upgrades and Downgrades

III has been the subject of several research reports. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research boosted their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Information Services Group Price Performance

III stock opened at $3.34 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.22. The firm has a market capitalization of $163.65 million, a PE ratio of -47.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. 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 declared 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. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.40%. Information Services Group’s dividend payout ratio (DPR) is presently -257.11%.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $3.35, for a total transaction of $50,501.25. Following the transaction, the director now directly owns 359,338 shares in the company, valued at $1,203,782.30. This represents a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 37,239 shares of company stock worth $125,502. Company insiders own 16.00% of the company’s stock.

Information Services Group 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.