SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells $230,607.00 in Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 94,900 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $2.43, for a total transaction of $230,607.00. Following the transaction, the insider now owns 2,736,799 shares in the company, valued at approximately $6,650,421.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Robert G/ Brown also recently made the following trade(s):

• On Tuesday, October 8th, Robert G/ Brown sold 1,975 shares of SPAR Group stock. The stock was sold at an average price of $2.43, for a total transaction of $4,799.25.
• On Tuesday, October 8th, Robert G/ Brown sold 1,975 shares of SPAR Group stock. The stock was sold at an average price of $2.43, for a total transaction of $4,799.25.

SPAR Group Stock Performance

Shares of SPAR Group stock opened at $2.42 on Monday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.05. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12. The firm has a market cap of $58.89 million, a price-to-earnings ratio of 5.90 and a beta of 0.71.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Wednesday, August 14th. The business services provider reported $0.15 earnings per share for the quarter. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $44.00 million. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, equities research analysts anticipate that SPAR Group, Inc. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SGRP. XTX Topco Ltd acquired a new position in SPAR Group during the second quarter worth about $25,000. Acadian Asset Management LLC acquired a new position in SPAR Group during the second quarter worth about $27,000. IAM Advisory LLC acquired a new position in SPAR Group during the second quarter worth about $32,000. Dimensional Fund Advisors LP acquired a new position in SPAR Group during the second quarter worth about $68,000. Finally, Renaissance Technologies LLC grew its position in SPAR Group by 199.6% during the second quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after buying an additional 82,029 shares during the period. 9.57% of the stock is currently owned by institutional investors and hedge funds.

About SPAR Group

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.