Information Services Group, Inc. (NASDAQ:III) Short Interest Update

Information Services Group, Inc. (NASDAQ:III) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 161,800 shares, an increase of 15.2% from the March 31st total of 140,400 shares. Based on an average daily trading volume, of 101,800 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the shares of the stock are sold short.

Information Services Group Trading Down 0.1 %

III traded down $0.01 during trading hours on Monday, reaching $3.45. The company’s stock had a trading volume of 133,780 shares, compared to its average volume of 97,301. The stock has a market cap of $166.51 million, a PE ratio of 28.67, a P/E/G ratio of 0.95 and a beta of 0.94. Information Services Group has a fifty-two week low of $3.42 and a fifty-two week high of $5.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.44 and a quick ratio of 2.44. The business’s 50-day moving average is $4.01 and its 200-day moving average is $4.27.

Information Services Group (NASDAQ:III) last issued its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The business had revenue of $66.19 million during the quarter, compared to analysts’ expectations of $69.16 million. Information Services Group had a return on equity of 12.89% and a net margin of 2.12%. As a group, equities research analysts predict that Information Services Group will post 0.24 earnings per share for the current fiscal year.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.045 per share. The ex-dividend date was Monday, March 18th. This represents a $0.18 annualized dividend and a dividend yield of 5.22%. Information Services Group’s dividend payout ratio is currently 150.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barrington Research reiterated an “outperform” rating and set a $6.00 price objective on shares of Information Services Group in a research note on Wednesday, March 6th. StockNews.com cut Information Services Group from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Capital Management LLC raised its stake in Information Services Group by 1.7% in the fourth quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock valued at $23,603,000 after buying an additional 81,891 shares in the last quarter. LSV Asset Management increased its position in shares of Information Services Group by 2.6% during the third quarter. LSV Asset Management now owns 1,419,050 shares of the business services provider’s stock worth $6,215,000 after purchasing an additional 35,598 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Information Services Group during the third quarter worth about $125,000. Blair William & Co. IL increased its position in shares of Information Services Group by 3.3% during the third quarter. Blair William & Co. IL now owns 744,639 shares of the business services provider’s stock worth $3,262,000 after purchasing an additional 23,492 shares in the last quarter. Finally, Equitable Trust Co. increased its position in shares of Information Services Group by 14.7% during the fourth quarter. Equitable Trust Co. now owns 129,312 shares of the business services provider’s stock worth $609,000 after purchasing an additional 16,580 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other 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.