Kalpana Raina Sells 3,369 Shares of Information Services Group, Inc. (NASDAQ:III) Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 3,369 shares of Information Services Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $3.35, for a total transaction of $11,286.15. Following the completion of the transaction, the director now owns 374,413 shares in the company, 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 this link.

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 stock was sold at an average price of $3.39, for a total transaction of $63,715.05.

Information Services Group Stock Performance

Shares of Information Services Group stock traded up $0.01 during mid-day trading on Friday, hitting $3.35. 100,092 shares of the stock were exchanged, compared to its average volume of 103,618. The company has a market capitalization of $164.38 million, a P/E ratio of -47.85, a P/E/G ratio of 2.72 and a beta of 0.96. 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 has a 50-day simple moving average of $3.20 and a 200 day simple moving average of $3.22. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $4.98.

Information Services Group Announces Dividend

The company 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. This represents a $0.18 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is -257.11%.

Wall Street Analysts Forecast Growth

III has been the subject of a number of analyst reports. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday. Singular Research upgraded shares of Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. 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.

Institutional Trading of Information Services Group

Several large investors have recently added to or reduced their stakes in III. Brown Brothers Harriman & Co. boosted its stake in Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 293,328 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Information Services Group by 6.1% in the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after purchasing an additional 46,799 shares in the last quarter. Williams & Novak LLC bought a new position in shares of Information Services Group in the second quarter worth about $128,000. Equitable Trust Co. grew its holdings in Information Services Group by 28.3% during the 2nd quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock valued at $488,000 after buying an additional 36,645 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 26,019 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

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.