EAM Investors LLC Sells 258,202 Shares of Information Services Group, Inc. (NASDAQ:III)

EAM Investors LLC trimmed its position in Information Services Group, Inc. (NASDAQ:IIIGet Rating) by 67.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,301 shares of the business services provider’s stock after selling 258,202 shares during the quarter. EAM Investors LLC owned 0.25% of Information Services Group worth $833,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC increased its stake in Information Services Group by 284.7% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,581 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 9,311 shares during the last quarter. HighTower Advisors LLC boosted its position in Information Services Group by 19.3% in the fourth quarter. HighTower Advisors LLC now owns 12,364 shares of the business services provider’s stock valued at $94,000 after buying an additional 2,000 shares in the last quarter. Sciencast Management LP acquired a new stake in Information Services Group in the first quarter valued at approximately $122,000. Lazard Asset Management LLC boosted its position in Information Services Group by 16.0% in the fourth quarter. Lazard Asset Management LLC now owns 16,196 shares of the business services provider’s stock valued at $123,000 after buying an additional 2,228 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in Information Services Group in the fourth quarter valued at approximately $128,000. 62.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on III shares. Barrington Research cut their target price on shares of Information Services Group from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 9th. StockNews.com lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 9th.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $5.47 on Friday. The firm has a market cap of $261.20 million, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The firm’s fifty day moving average is $6.57 and its 200-day moving average is $6.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.12. Information Services Group, Inc. has a 52 week low of $5.30 and a 52 week high of $9.70.

Information Services Group (NASDAQ:IIIGet Rating) last issued its quarterly earnings results on Monday, August 8th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $70.70 million for the quarter, compared to analyst estimates of $73.90 million. Information Services Group had a net margin of 6.30% and a return on equity of 20.18%. Sell-side analysts predict that Information Services Group, Inc. will post 0.37 earnings per share for the current year.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Tuesday, September 6th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, September 2nd. Information Services Group’s dividend payout ratio is presently 44.44%.

Information Services Group Company Profile

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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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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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