Insider Selling: SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells 162,454 Shares of Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 162,454 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $2.40, for a total transaction of $389,889.60. Following the sale, the insider now directly owns 2,568,446 shares in the company, valued at $6,164,270.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 Wednesday, October 16th, Robert G/ Brown sold 800 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total transaction of $1,936.00.
• On Monday, October 14th, Robert G/ Brown sold 2,100 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total transaction of $5,082.00.
• On Thursday, October 10th, Robert G/ Brown sold 94,900 shares of SPAR Group stock. The stock was sold at an average price of $2.43, for a total transaction of $230,607.00.
• 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 Price Performance

Shares of NASDAQ SGRP opened at $2.41 on Wednesday. The company has a market capitalization of $56.44 million, a P/E ratio of 4.55 and a beta of 0.71. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12. 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 company’s 50 day moving average price is $2.19 and its 200-day moving average price is $2.10.

SPAR Group (NASDAQ:SGRP) last issued its quarterly earnings results on Wednesday, August 14th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. The firm had revenue of $57.29 million for the quarter, compared to the consensus estimate of $44.00 million. During the same quarter in the previous year, the company earned $0.03 EPS. Equities analysts forecast that SPAR Group, Inc. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 82,029 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of SPAR Group during the 2nd quarter valued at $68,000. IAM Advisory LLC acquired a new position in shares of SPAR Group during the 2nd quarter valued at $32,000. Acadian Asset Management LLC acquired a new position in shares of SPAR Group during the 2nd quarter valued at $27,000. Finally, XTX Topco Ltd acquired a new position in shares of SPAR Group during the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 9.57% of the company’s stock.

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.