JB Capital Partners LP Acquires Shares of 487,641 Information Services Group, Inc. $III

JB Capital Partners LP acquired a new stake in shares of Information Services Group, Inc. (NASDAQ:III) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 487,641 shares of the business services provider’s stock, valued at approximately $2,004,205,000.

Several other large investors have also recently made changes to their positions in III. BlackRock Inc. purchased a new stake in shares of Information Services Group in the second quarter worth about $12,756,000. Bank of New York Mellon Corp bought a new position in Information Services Group during the second quarter valued at approximately $2,118,000. Essex Investment Management Co. LLC bought a new position in Information Services Group during the fourth quarter valued at approximately $2,177,000. Renaissance Technologies LLC grew its holdings in Information Services Group by 21.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider’s stock valued at $7,254,000 after buying an additional 339,343 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Information Services Group by 68.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider’s stock valued at $4,663,000 after buying an additional 326,385 shares in the last quarter. 73.10% of the stock is owned by institutional investors.

Information Services Group Price Performance

Shares of NASDAQ III opened at $4.93 on Friday. The firm’s 50-day moving average price is $4.31 and its 200-day moving average price is $4.33. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $238.66 million, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.09 and a beta of 1.10. Information Services Group, Inc. has a 12-month low of $3.74 and a 12-month high of $6.45.

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

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 4th. Information Services Group’s dividend payout ratio is presently 78.26%.

Analyst Ratings Changes

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