SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Robert G/ Brown Sells 94,900 Shares of Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 94,900 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $2.43, for a total transaction of $230,607.00. Following the completion of the sale, the insider now owns 2,736,799 shares in the company, valued at $6,650,421.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 transaction of $4,799.25.
• 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 transaction of $4,799.25.

SPAR Group Stock Performance

Shares of SGRP stock opened at $2.42 on Friday. The firm has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.04. SPAR Group, Inc. has a twelve month low of $0.70 and a twelve month high of $3.12. The company has a market capitalization of $56.68 million, a price-to-earnings ratio of 4.57 and a beta of 0.71. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06.

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. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. The firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $44.00 million. During the same quarter in the previous year, the company posted $0.03 EPS. Research analysts forecast that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SGRP. IAM Advisory LLC acquired a new position in shares of SPAR Group during the 2nd quarter valued at about $32,000. Acadian Asset Management LLC acquired a new position in shares of SPAR Group during the 2nd quarter valued at about $27,000. Dimensional Fund Advisors LP acquired a new position in shares of SPAR Group during the 2nd quarter valued at about $68,000. Renaissance Technologies LLC increased its stake in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 82,029 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of SPAR Group during the 2nd quarter valued at about $25,000. Institutional investors and hedge funds 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.