Information Services Group, Inc. (NASDAQ:III - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 201,000 shares, an increase of 20.1% from the February 28th total of 167,400 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the shares of the stock are sold short.
Information Services Group Stock Performance
Shares of III stock traded down $0.12 during mid-day trading on Monday, hitting $3.64. 47,577 shares of the stock were exchanged, compared to its average volume of 107,839. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. Information Services Group has a 12-month low of $2.92 and a 12-month high of $4.05. The stock's fifty day simple moving average is $3.35 and its two-hundred day simple moving average is $3.32. The stock has a market capitalization of $175.41 million, a price-to-earnings ratio of -51.99, a P/E/G ratio of 1.34 and a beta of 0.94.
Information Services Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a $0.045 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 4.95%. Information Services Group's payout ratio is currently 360.00%.
Analyst Ratings Changes
A number of equities analysts have commented on III shares. Barrington Research reaffirmed an "outperform" rating and set a $3.75 target price on shares of Information Services Group in a research note on Monday, March 10th. StockNews.com upgraded shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 10th.
Check Out Our Latest Stock Analysis on III
Hedge Funds Weigh In On Information Services Group
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Information Services Group by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock worth $47,000 after acquiring an additional 3,092 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in Information Services Group by 47.2% in the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock worth $32,000 after buying an additional 3,110 shares in the last quarter. Williams & Novak LLC grew its stake in Information Services Group by 10.3% during the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider's stock valued at $146,000 after purchasing an additional 4,080 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Information Services Group by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider's stock worth $70,000 after buying an additional 4,741 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Information Services Group by 195.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock valued at $26,000 after buying an additional 5,104 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.
About Information Services Group
(
Get Free Report)
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.
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