Private Capital Management LLC Acquires 730,728 Shares of Information Services Group, Inc. (NASDAQ:III)

Private Capital Management LLC increased its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,570,564 shares of the business services provider’s stock after buying an additional 730,728 shares during the period. Information Services Group comprises 12.7% of Private Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Private Capital Management LLC owned approximately 0.10% of Information Services Group worth $17,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in III. Prudential Financial Inc. purchased a new stake in shares of Information Services Group in the 4th quarter valued at approximately $49,000. Globeflex Capital L P purchased a new stake in shares of Information Services Group in the 4th quarter valued at approximately $75,000. Perritt Capital Management Inc. increased its position in shares of Information Services Group by 2.1% in the 4th quarter. Perritt Capital Management Inc. now owns 481,215 shares of the business services provider’s stock valued at $2,040,000 after purchasing an additional 9,825 shares during the last quarter. Rhumbline Advisers increased its position in shares of Information Services Group by 47.4% in the 4th quarter. Rhumbline Advisers now owns 46,159 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 14,846 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,022,067 shares of the business services provider’s stock valued at $9,666,000 after purchasing an additional 264,143 shares during the last quarter. 45.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO David E. Berger sold 18,869 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $3.06, for a total transaction of $57,739.14. Following the completion of the sale, the chief financial officer now owns 726,461 shares in the company, valued at approximately $2,222,970.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Todd D. Lavieri purchased 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $3.74 per share, with a total value of $50,490.00. Following the purchase, the insider now owns 630,790 shares in the company, valued at $2,359,154.60. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 55,550 shares of company stock valued at $206,896 and have sold 82,306 shares valued at $244,037. 13.90% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on III shares. ValuEngine cut shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Zacks Investment Research cut shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. CIBC restated a “hold” rating and issued a $3.00 target price on shares of Information Services Group in a report on Thursday, May 16th. Barrington Research cut shares of Information Services Group from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Finally, Noble Financial restated a “buy” rating and issued a $5.25 target price on shares of Information Services Group in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.75.

Shares of Information Services Group stock traded up $0.04 during trading hours on Friday, hitting $3.25. The company had a trading volume of 580 shares, compared to its average volume of 77,079. Information Services Group, Inc. has a twelve month low of $2.65 and a twelve month high of $5.45. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.17. The stock has a market cap of $150.23 million, a price-to-earnings ratio of 14.59, a PEG ratio of 1.29 and a beta of 0.47.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.08). The company had revenue of $67.90 million during the quarter, compared to analyst estimates of $72.67 million. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. On average, analysts forecast that Information Services Group, Inc. will post 0.16 earnings per share for the current fiscal year.

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About Information Services Group

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

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

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