Information Services Group, Inc. (NASDAQ:III) Stake Reduced by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,145 shares of the business services provider’s stock after selling 42,233 shares during the period. Jane Street Group LLC owned approximately 0.07% of Information Services Group worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its holdings in Information Services Group by 107.4% during the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after buying an additional 293,328 shares in the last quarter. State Street Corp lifted its position in shares of Information Services Group by 3.2% during the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after acquiring an additional 17,796 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of Information Services Group by 4.5% during the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock worth $572,000 after acquiring an additional 7,515 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Information Services Group in the 3rd quarter worth $60,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Information Services Group during the second quarter worth $57,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Insider Activity

In related news, Director Kalpana Raina sold 15,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $3.35, for a total transaction of $50,501.25. Following the completion of the sale, the director now directly owns 359,338 shares in the company, valued at approximately $1,203,782.30. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 44,931 shares of company stock worth $150,425 in the last 90 days. Company insiders own 16.00% of the company’s stock.

Information Services Group Stock Performance

Shares of III stock opened at $3.10 on Wednesday. The company has a market capitalization of $152.12 million, a price-to-earnings ratio of -44.28, a P/E/G ratio of 2.95 and a beta of 1.00. Information Services Group, Inc. has a 1-year low of $2.92 and a 1-year high of $4.82. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $3.42 and its 200-day simple moving average is $3.30.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.18 annualized dividend and a yield of 5.81%. Information Services Group’s dividend payout ratio (DPR) is presently -257.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Barrington Research raised their target price on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

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.