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 company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $2.42, for a total transaction of $106,078.28. Following the completion of the sale, the insider now directly owns 2,524,612 shares in the company, valued at approximately $6,109,561.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 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 shares were 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 value of $4,799.25.

SPAR Group Stock Performance

NASDAQ SGRP remained flat at $2.41 on Wednesday. 18,373 shares of the company traded hands, compared to its average volume of 222,307. SPAR Group, Inc. has a 1-year low of $0.70 and a 1-year high of $3.12. The firm’s fifty day simple moving average is $2.19 and its 200 day simple moving average is $2.10. The company has a current ratio of 1.67, a quick 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.

SPAR Group (NASDAQ:SGRP) last announced its earnings results on Wednesday, August 14th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $57.29 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.03 earnings per share. Research analysts anticipate that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. IAM Advisory LLC bought a new stake in shares of SPAR Group during the second quarter worth $32,000. Acadian Asset Management LLC acquired a new stake in SPAR Group in the second quarter worth about $27,000. Dimensional Fund Advisors LP acquired a new stake in SPAR Group in the second quarter worth about $68,000. Renaissance Technologies LLC raised its holdings 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. Finally, XTX Topco Ltd acquired a new position in SPAR Group during the 2nd quarter valued at about $25,000. 9.57% of the stock is currently owned by institutional investors.

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.