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

Information Services Group, Inc. (NASDAQ:III) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 168,700 shares, an increase of 25.3% from the May 31st total of 134,600 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 111,500 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $3.50 price target on shares of Information Services Group in a report on Tuesday, May 28th. StockNews.com cut Information Services Group from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Institutional Trading of Information Services Group

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD acquired a new position in Information Services Group during the 1st quarter worth approximately $45,000. EMC Capital Management raised its position in shares of Information Services Group by 277.3% in the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock valued at $69,000 after buying an additional 12,629 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Information Services Group in the 4th quarter valued at $72,000. Summit Global Investments grew its position in Information Services Group by 21.1% in the fourth quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in Information Services Group by 88.0% during the 1st quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock worth $106,000 after purchasing an additional 12,289 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Stock Performance

III opened at $3.06 on Tuesday. Information Services Group has a 12-month low of $2.92 and a 12-month high of $5.49. The stock’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $3.92. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.78.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). The company had revenue of $64.27 million during the quarter, compared to the consensus estimate of $66.05 million. Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. Sell-side analysts predict that Information Services Group will post 0.14 earnings per share for the current year.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, June 14th. This represents a $0.18 annualized dividend and a dividend yield of 5.88%. Information Services Group’s payout ratio is currently -900.00%.

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.