Information Services Group, Inc. (NASDAQ:III) Short Interest Up 5.8% in October

Information Services Group, Inc. (NASDAQ:III) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 125,100 shares, an increase of 5.8% from the October 15th total of 118,200 shares. Based on an average daily trading volume, of 87,300 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the shares of the company are short sold.

Information Services Group Stock Performance

Shares of III traded down $0.05 during trading hours on Monday, reaching $3.30. 101,440 shares of the company’s stock traded hands, compared to its average volume of 103,608. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98. The business’s fifty day simple moving average is $3.21 and its two-hundred day simple moving average is $3.22. 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 firm has a market capitalization of $161.94 million, a price-to-earnings ratio of -47.71, a P/E/G ratio of 2.72 and a beta of 0.96.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. 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 5.45%. Information Services Group’s dividend payout ratio is presently -257.14%.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total value of $63,715.05. Following the sale, the director now directly owns 396,261 shares in the company, valued at approximately $1,343,324.79. This trade represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Information Services Group

A number of institutional investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC lifted its holdings in Information Services Group by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 3,345 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Information Services Group by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after purchasing an additional 4,075 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Information Services Group by 13.1% during the second quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,074 shares during the last quarter. Equitable Trust Co. boosted its holdings in Information Services Group by 4.5% during the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock worth $572,000 after buying an additional 7,515 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Information Services Group during the third quarter worth approximately $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 topic of several recent research reports. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Barrington Research increased their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” 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.