Bridgeway Capital Management LLC Increases Stake in Information Services Group, Inc. (NASDAQ:III)

Bridgeway Capital Management LLC grew its position in Information Services Group, Inc. (NASDAQ:III) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,430 shares of the business services provider’s stock after acquiring an additional 21,500 shares during the period. Bridgeway Capital Management LLC’s holdings in Information Services Group were worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in III. Tower Research Capital LLC TRC raised its holdings 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 worth $26,000 after purchasing an additional 5,104 shares in the last quarter. Picton Mahoney Asset Management boosted 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 valued at $32,000 after purchasing an additional 3,110 shares in the last quarter. Intech Investment Management LLC acquired a new position in Information Services Group during the 4th quarter worth approximately $34,000. Access Investment Management LLC raised its stake in shares of Information Services Group by 183.8% during the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock worth $35,000 after buying an additional 6,810 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Information Services Group during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on III shares. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Monday, March 10th. Barrington Research reiterated an “outperform” rating and issued a $3.75 price target on shares of Information Services Group in a report on Monday, March 10th.

Information Services Group Stock Performance

III opened at $4.63 on Monday. Information Services Group, Inc. has a 1-year low of $2.92 and a 1-year high of $4.68. The stock has a market cap of $223.42 million, a P/E ratio of -66.13, a P/E/G ratio of 1.34 and a beta of 1.08. The stock’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group’s dividend payout ratio (DPR) is 360.00%.

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.