Bridgeway Capital Management LLC Raises Stock Position in Information Services Group, Inc. (NASDAQ:III)

Bridgeway Capital Management LLC grew its stake in Information Services Group, Inc. (NASDAQ:III) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,430 shares of the business services provider’s stock after buying an additional 21,500 shares during the period. Bridgeway Capital Management LLC owned 0.28% of Information Services Group worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management increased its position in shares of Information Services Group by 47.2% during the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,110 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Information Services Group in the 4th quarter valued at about $34,000. Access Investment Management LLC lifted its holdings in shares of Information Services Group by 183.8% in the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 6,810 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Information Services Group in the 4th quarter valued at about $38,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Trading Up 15.8%

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

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be given 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 presently 360.00%.

Analysts Set New Price Targets

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

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.