Rhumbline Advisers Has $170,000 Stake in Information Services Group, Inc. (NASDAQ:III)

Rhumbline Advisers lifted its position in shares of Information Services Group, Inc. (NASDAQ:III) by 7.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 57,734 shares of the business services provider’s stock after purchasing an additional 4,075 shares during the quarter. Rhumbline Advisers’ holdings in Information Services Group were worth $170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CHICAGO TRUST Co NA bought a new stake in shares of Information Services Group during the second quarter worth about $30,000. Arkadios Wealth Advisors bought a new stake in shares of Information Services Group during the 2nd quarter worth $32,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Information Services Group in the 1st quarter worth about $45,000. Allspring Global Investments Holdings LLC grew its position in Information Services Group by 9,259.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,621 shares of the business services provider’s stock valued at $64,000 after buying an additional 21,390 shares during the period. Finally, EMC Capital Management increased its holdings in Information Services Group by 277.3% during the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after buying an additional 12,629 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of III opened at $3.32 on Monday. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.98. The stock’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $161.57 million, a price-to-earnings ratio of -166.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95.

Information Services Group (NASDAQ:III) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.51 million. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. Research analysts forecast that Information Services Group, Inc. will post 0.1 EPS for the current fiscal year.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 6th will be given a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a yield of 5.42%. Information Services Group’s payout ratio is -900.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on III shares. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research reaffirmed an “outperform” rating and set a $3.50 price target on shares of Information Services Group in a research report on Wednesday, August 7th.

About Information Services Group

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.