SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Update

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 57,000 shares, an increase of 56.2% from the September 30th total of 36,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 190,600 shares, the days-to-cover ratio is presently 0.3 days.

SPAR Group Stock Performance

Shares of SGRP stock traded up $0.05 on Friday, hitting $2.46. 269,450 shares of the stock were exchanged, compared to its average volume of 221,655. 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 firm has a market capitalization of $57.61 million, a PE ratio of 4.64 and a beta of 0.71. SPAR Group has a one year low of $0.70 and a one year high of $3.12. The firm’s 50 day moving average is $2.23 and its two-hundred day moving average is $2.11.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Wednesday, August 14th. The business services provider reported $0.15 earnings per share for the quarter. SPAR Group had a return on equity of 12.27% and a net margin of 4.90%. The firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $44.00 million. During the same period in the prior year, the business posted $0.03 earnings per share. Sell-side analysts expect that SPAR Group will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Robert G/ Brown sold 94,900 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $2.43, for a total value of $230,607.00. Following the transaction, the insider now directly owns 2,736,799 shares of the company’s stock, valued at approximately $6,650,421.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 321,319 shares of company stock valued at $775,426 in the last 90 days. 59.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SPAR Group

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in SPAR Group by 199.6% in the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after buying an additional 82,029 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of SPAR Group in the 2nd quarter worth about $68,000. IAM Advisory LLC bought a new stake in SPAR Group during the 2nd quarter valued at approximately $32,000. Acadian Asset Management LLC purchased a new stake in SPAR Group in the second quarter worth $27,000. Finally, XTX Topco Ltd purchased a new stake in SPAR Group in the second quarter worth about $25,000. Institutional investors own 9.57% of the company’s stock.

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.