Information Services Group, Inc. (NASDAQ:III) Director Neil G. Budnick sold 41,376 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $9.26, for a total value of $383,141.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ III opened at $8.61 on Thursday. The business’s 50 day moving average is $7.99 and its two-hundred day moving average is $6.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.99. Information Services Group, Inc. has a 1-year low of $2.76 and a 1-year high of $9.70. The stock has a market capitalization of $421.83 million, a P/E ratio of 31.89, a PEG ratio of 1.66 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Shareholders of record on Friday, December 3rd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $0.12 annualized dividend and a yield of 1.39%. Information Services Group’s payout ratio is currently 44.44%.
A number of hedge funds and other institutional investors have recently modified their holdings of III. Amundi Asset Management US Inc. bought a new stake in Information Services Group during the first quarter worth approximately $25,000. Royal Bank of Canada increased its stake in Information Services Group by 183.0% during the first quarter. Royal Bank of Canada now owns 7,633 shares of the business services provider’s stock worth $34,000 after acquiring an additional 4,936 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Information Services Group during the first quarter valued at approximately $56,000. Bowling Portfolio Management LLC bought a new position in shares of Information Services Group during the second quarter valued at approximately $59,000. Finally, Trexquant Investment LP bought a new position in shares of Information Services Group during the second quarter valued at approximately $60,000. 51.30% of the stock is currently owned by institutional investors.
About Information Services Group
Information Services Group, Inc engages in the provision of sourcing advisory services. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defense, automotive, banking, energy, healthcare, and insurance industries.
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