JB Capital Partners LP Acquires New Stake in Information Services Group, Inc. $III

JB Capital Partners LP purchased a new position in shares of Information Services Group, Inc. (NASDAQ:III) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 487,641 shares of the business services provider’s stock, valued at approximately $2,004,205. JB Capital Partners LP owned 1.02% of Information Services Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vise Technologies Inc. bought a new stake in shares of Information Services Group in the second quarter valued at about $83,000. BlackRock Inc. purchased a new stake in Information Services Group during the second quarter valued at about $12,756,000. Deutsche Bank AG bought a new position in shares of Information Services Group in the 2nd quarter worth about $141,000. Bank of New York Mellon Corp bought a new position in Information Services Group in the second quarter valued at about $2,118,000. Finally, Williams & Novak LLC increased its holdings in shares of Information Services Group by 38.5% in the 2nd quarter. Williams & Novak LLC now owns 39,996 shares of the business services provider’s stock worth $164,000 after buying an additional 11,110 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Stock Up 2.4%

Shares of NASDAQ III traded up $0.12 during midday trading on Friday, reaching $5.16. 84,152 shares of the company’s stock traded hands, compared to its average volume of 261,939. The stock’s 50 day simple moving average is $4.39 and its 200-day simple moving average is $4.31. The company has a market cap of $249.80 million, a price-to-earnings ratio of 22.43, a P/E/G ratio of 1.10 and a beta of 1.10. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.62. Information Services Group, Inc. has a one year low of $3.74 and a one year high of $6.45.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $65.49 million for the quarter, compared to analyst estimates of $62.86 million. Information Services Group had a net margin of 4.67% and a return on equity of 13.59%. On average, analysts predict that Information Services Group, Inc. will post 0.28 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.045 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.18 annualized dividend and a dividend yield of 3.5%. Information Services Group’s payout ratio is 78.26%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Information Services Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.