Bruce Pfau Sells 7,692 Shares of Information Services Group, Inc. (NASDAQ:III) Stock

Information Services Group, Inc. (NASDAQ:III) Director Bruce Pfau sold 7,692 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $3.24, for a total value of $24,922.08. Following the transaction, the director now directly owns 155,840 shares in the company, valued at approximately $504,921.60. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Information Services Group Stock Up 5.7 %

Shares of Information Services Group stock traded up $0.19 on Friday, reaching $3.53. 145,742 shares of the company were exchanged, compared to its average volume of 103,434. The stock’s 50 day moving average price is $3.21 and its 200-day moving average price 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 1.97. 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 cap of $173.22 million, a P/E ratio of -47.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is presently -257.14%.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently modified their holdings of III. Copeland Capital Management LLC acquired a new position in Information Services Group in the third quarter valued at approximately $32,000. CHICAGO TRUST Co NA acquired a new position in shares of Information Services Group in the 2nd quarter valued at $30,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Information Services Group in the 1st quarter valued at $45,000. Arkadios Wealth Advisors acquired a new stake in Information Services Group during the 2nd quarter worth $32,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Information Services Group in the second quarter valued at $35,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on III. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research upped their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research 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.