Insider Selling: SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells 43,834 Shares of Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 43,834 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $2.42, for a total transaction of $106,078.28. Following the transaction, the insider now directly owns 2,524,612 shares in the company, valued at $6,109,561.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 18th, Robert G/ Brown sold 162,454 shares of SPAR Group stock. The shares were 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 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 shares were 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 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

Shares of SPAR Group stock opened at $2.41 on Friday. 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 has a market cap of $56.44 million, a P/E ratio of 4.55 and a beta of 0.71. The firm’s 50 day moving average price is $2.22 and its 200-day moving average price is $2.11. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in SPAR Group in the second quarter worth about $25,000. Acadian Asset Management LLC purchased a new position in shares of SPAR Group in the 2nd quarter valued at approximately $27,000. IAM Advisory LLC acquired a new stake in SPAR Group in the 2nd quarter worth approximately $32,000. Dimensional Fund Advisors LP purchased a new stake in SPAR Group during the 2nd quarter worth approximately $68,000. Finally, Renaissance Technologies LLC grew its position in SPAR Group by 199.6% during the 2nd 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 last quarter. 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.