Insider Selling: Information Services Group, Inc. (NASDAQ:III) Director Sells $50,501.25 in Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 15,075 shares of Information Services Group stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $3.35, for a total value of $50,501.25. Following the completion of the transaction, the director now owns 359,338 shares in the company, valued at $1,203,782.30. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.
• On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05.

Information Services Group Stock Performance

Information Services Group stock opened at $3.53 on Friday. Information Services Group, Inc. has a 12-month low of $2.92 and a 12-month high of $4.98. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $3.22 and its 200 day simple moving average is $3.22.

Information Services Group Dividend Announcement

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

Institutional Trading of Information Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in III. ClariVest Asset Management LLC grew its holdings in Information Services Group by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock worth $351,000 after purchasing an additional 3,345 shares during the period. Rhumbline Advisers increased its holdings in shares of Information Services Group by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after acquiring an additional 4,075 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Information Services Group by 13.1% during the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock worth $135,000 after acquiring an additional 5,074 shares during the last quarter. Equitable Trust Co. raised its stake in Information Services Group by 4.5% in the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 7,515 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in Information Services Group during the 3rd quarter valued at $32,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.