Insider Selling: 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 the business’s stock in a transaction on 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 sale, the director now owns 396,261 shares in the company, valued at $1,343,324.79. This represents a 4.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 shares were sold at an average price of $3.35, for a total transaction of $11,286.15.

Information Services Group Stock Up 0.3 %

Shares of NASDAQ III opened at $3.35 on Monday. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.98. The company has a market capitalization of $164.39 million, a price-to-earnings ratio of -47.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 2.14. The business has a 50-day moving average of $3.21 and a two-hundred day moving average of $3.22.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 -257.14%.

Hedge Funds Weigh In On Information Services Group

Several hedge funds have recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA purchased a new stake in shares of Information Services Group in the 2nd quarter valued at about $30,000. Arkadios Wealth Advisors purchased a new position in shares of Information Services Group in the 2nd quarter valued at approximately $32,000. Copeland Capital Management LLC purchased a new position in Information Services Group in the 3rd quarter valued at $32,000. The Manufacturers Life Insurance Company purchased 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 position in shares of Information Services Group during the 1st quarter worth approximately $45,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.