JB Capital Partners LP Buys New Shares in Information Services Group, Inc. $III

Key Points

• JB Capital Partners LP bought 487,641 shares of Information Services Group, valued at approximately $2.0 million, representing a 1.02% stake. Institutional investors collectively own 73.10% of the company.
• Information Services Group reported quarterly EPS of $0.10, beating estimates of $0.05, while revenue of $65.49 million also exceeded expectations. Analysts have a “Moderate Buy” consensus rating and an average price target of $5.50.
• The company declared a quarterly dividend of $0.045 per share, equivalent to $0.18 annually and a 3.7% yield, with payment scheduled for September 25 to shareholders of record on September 4.

JB Capital Partners LP purchased a new stake in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 487,641 shares of the business services provider's stock, valued at approximately $2,004,205,000. JB Capital Partners LP owned 1.02% of Information Services Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Themes Management Co LLC purchased a new position in shares of Information Services Group during the 1st quarter valued at about $1,192,000. Renaissance Technologies LLC raised its stake 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 worth $7,254,000 after acquiring an additional 339,343 shares during the period. Hillsdale Investment Management Inc. raised its stake 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 worth $4,663,000 after acquiring an additional 326,385 shares during the period. Legato Capital Management LLC lifted its holdings in Information Services Group by 475.3% during the fourth quarter. Legato Capital Management LLC now owns 241,463 shares of the business services provider's stock valued at $1,396,000 after purchasing an additional 199,490 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in Information Services Group by 2,477.7% during the first quarter. North Star Investment Management Corp. now owns 128,883 shares of the business services provider's stock valued at $495,000 after purchasing an additional 123,883 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on III. Wall Street Zen cut shares of Information Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Information Services Group currently has an average rating of "Moderate Buy" and an average price target of $5.50.

Information Services Group Stock Performance

NASDAQ:III opened at $4.93 on Friday. The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.33. The stock has a market capitalization of $238.66 million, a P/E 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. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.62.

Information Services Group (NASDAQ:III - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Information Services Group had a return on equity of 13.59% and a net margin of 4.67%.The company had revenue of $65.49 million for the quarter, compared to analysts' expectations of $62.86 million. Equities research analysts forecast that Information Services Group, Inc. will post 0.28 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Information Services Group's payout ratio is 78.26%.

Information Services Group 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.

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