Insider Selling: SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells 50,000 Shares of Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 50,000 shares of SPAR Group stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the sale, the insider now owns 3,257,963 shares in the company, valued at $4,398,250.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, March 11th, Robert G/ Brown sold 500 shares of SPAR Group stock. The stock was sold at an average price of $1.02, for a total transaction of $510.00.

SPAR Group Stock Performance

Shares of SGRP stock opened at $1.63 on Thursday. The firm has a market capitalization of $37.88 million, a PE ratio of 9.59 and a beta of 0.69. The firm has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $1.00. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. SPAR Group, Inc. has a 12 month low of $0.70 and a 12 month high of $1.76.

Institutional Trading of SPAR Group

An institutional investor recently raised its position in SPAR Group stock. Renaissance Technologies LLC raised its holdings in shares of SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,500 shares of the business services provider’s stock after purchasing an additional 27,500 shares during the quarter. Renaissance Technologies LLC owned 0.41% of SPAR Group worth $116,000 as of its most recent SEC filing. 9.57% of the stock is owned by institutional investors.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.