Acadian Asset Management LLC purchased a new position in SPAR Group, Inc. (NASDAQ:SGRP – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,313 shares of the business services provider’s stock, valued at approximately $27,000.
Separately, IAM Advisory LLC purchased a new stake in SPAR Group in the second quarter worth about $32,000. 9.57% of the stock is owned by hedge funds and other institutional investors.
SPAR Group Price Performance
SGRP stock opened at $2.40 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a 50 day moving average price of $2.00 and a 200-day moving average price of $1.90. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12. The firm has a market capitalization of $58.40 million, a price-to-earnings ratio of 5.85 and a beta of 0.67.
SPAR Group Company Profile
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.
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