Robert G/ Brown Sells 11,000 Shares of SPAR Group, Inc. (NASDAQ:SGRP) Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $1.92, for a total transaction of $21,120.00. Following the completion of the sale, the insider now directly owns 2,456,378 shares of the company’s stock, valued at $4,716,245.76. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Saturday, December 21st, Robert G/ Brown sold 9,000 shares of SPAR Group stock. The shares were sold at an average price of $1.92, for a total value of $17,280.00.
• On Monday, October 28th, Robert G/ Brown sold 21,221 shares of SPAR Group stock. The stock was sold at an average price of $2.45, for a total value of $51,991.45.
• On Thursday, October 24th, Robert G/ Brown sold 3,839 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total value of $9,290.38.
• On Tuesday, October 22nd, Robert G/ Brown sold 43,834 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total transaction of $106,078.28.
• On Friday, October 18th, Robert G/ Brown sold 162,454 shares of SPAR Group stock. The stock was sold at an average price of $2.40, for a total transaction of $389,889.60.
• 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 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 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 stock was sold at an average price of $2.43, for a total value of $4,799.25.
• 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.

SPAR Group Price Performance

NASDAQ:SGRP opened at $1.92 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. SPAR Group, Inc. has a twelve month low of $0.96 and a twelve month high of $3.12. The company has a market cap of $45.02 million, a PE ratio of 3.76 and a beta of 0.69. The company’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.15.

Hedge Funds Weigh In On SPAR Group

Several hedge funds have recently made changes to their positions in SGRP. Acadian Asset Management LLC acquired a new stake in SPAR Group during the 2nd quarter worth about $27,000. Renaissance Technologies LLC lifted 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 worth $297,000 after purchasing an additional 82,029 shares during the period. Dimensional Fund Advisors LP purchased a new stake in SPAR Group in the second quarter valued at approximately $68,000. Oddo BHF Asset Management Sas acquired a new position in SPAR Group in the 3rd quarter worth approximately $81,000. Finally, Murchinson Ltd. acquired a new position in SPAR Group in the 3rd quarter worth approximately $196,000. 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.