SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells $389,889.60 in Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 162,454 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $2.40, for a total transaction of $389,889.60. Following the completion of the transaction, the insider now owns 2,568,446 shares in the company, valued at approximately $6,164,270.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 22nd, Robert G/ Brown sold 43,834 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total value of $106,078.28.
• On Wednesday, October 16th, Robert G/ Brown sold 800 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total value 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 value 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 value of $230,607.00.
• On Tuesday, October 8th, Robert G/ Brown sold 1,975 shares of SPAR Group stock. The shares were 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

SGRP opened at $2.41 on Thursday. The company has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $2.10. SPAR Group, Inc. has a 1-year low of $0.70 and a 1-year high of $3.12. The company has a market cap of $56.44 million, a P/E ratio of 4.55 and a beta of 0.71. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06.

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

Hedge Funds Weigh In On SPAR Group

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