Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina Sells 18,795 Shares

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 18,795 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 396,261 shares in the company, valued at $1,343,324.79. The trade was a 4.53 % decrease in their position. The transaction was disclosed in a legal filing 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 shares were sold at an average price of $3.35, for a total value of $11,286.15.

Information Services Group Stock Performance

III opened at $3.35 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.98. The firm has a market cap of $164.38 million, a P/E ratio of -47.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The business’s fifty day moving average is $3.21 and its 200-day moving average is $3.22.

Information Services Group Dividend Announcement

The company 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 $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is -257.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on III shares. Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research boosted their price objective 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.

Institutional Investors Weigh In On Information Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Copeland Capital Management LLC acquired a new position in Information Services Group during the third quarter worth about $32,000. CHICAGO TRUST Co NA acquired a new position in Information Services Group during the 2nd quarter worth approximately $30,000. Price T Rowe Associates Inc. MD bought a new position in Information Services Group in the 1st quarter valued at approximately $45,000. Arkadios Wealth Advisors acquired a new stake in Information Services Group in the second quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Information Services Group during the second quarter worth $35,000. 73.10% of the stock is currently owned by institutional investors.

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.