SG Americas Securities LLC Makes New $49,000 Investment in Information Services Group, Inc. (NASDAQ:III)

SG Americas Securities LLC purchased a new position in shares of Information Services Group, Inc. (NASDAQ:III) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,769 shares of the business services provider’s stock, valued at approximately $49,000.

Several other institutional investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its holdings in Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after purchasing an additional 293,328 shares in the last quarter. Blair William & Co. IL lifted its holdings in Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after acquiring an additional 46,799 shares during the period. Williams & Novak LLC bought a new position in Information Services Group during the second quarter valued at about $128,000. Equitable Trust Co. lifted its position in shares of Information Services Group by 28.3% during the second quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock worth $488,000 after acquiring an additional 36,645 shares in the last quarter. Finally, Perritt Capital Management Inc increased its position in shares of Information Services Group by 14.5% during the second quarter. Perritt Capital Management Inc now owns 188,894 shares of the business services provider’s stock valued at $555,000 after buying an additional 23,884 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of NASDAQ III opened at $3.11 on Wednesday. The firm’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.24. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The company has a market cap of $151.35 million, a PE ratio of -155.50, a PEG ratio of 2.49 and a beta of 0.95. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.98.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $64.26 million for the quarter, compared to the consensus estimate of $65.51 million. Information Services Group had a negative net margin of 0.38% and a positive return on equity of 7.48%. As a group, analysts anticipate that Information Services Group, Inc. will post 0.09 EPS for the current year.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 6th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 5.79%. The ex-dividend date was Friday, September 6th. Information Services Group’s dividend payout ratio is currently -900.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on III. Singular Research raised shares of Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research reissued an “outperform” rating and set a $3.50 price target on shares of Information Services Group in a research report on Thursday, October 3rd.

Information Services Group 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.