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

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 82,900 shares, an increase of 424.7% from the November 30th total of 15,800 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 133,000 shares, the short-interest ratio is currently 0.6 days.

Insiders Place Their Bets

In other news, major shareholder Robert G/ Brown sold 21,221 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $2.45, for a total transaction of $51,991.45. Following the sale, the insider now directly owns 2,476,378 shares in the company, valued at approximately $6,067,126.10. The trade was a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 342,540 shares of company stock worth $827,417. Insiders own 59.66% of the company’s stock.

Hedge Funds Weigh In On SPAR Group

Several large investors have recently modified their holdings of SGRP. XTX Topco Ltd bought a new position in shares of SPAR Group during the second quarter valued at $25,000. Acadian Asset Management LLC acquired a new position in shares of SPAR Group during the second quarter worth $27,000. Dimensional Fund Advisors LP purchased a new stake in SPAR Group in the second quarter valued at approximately $68,000. Oddo BHF Asset Management Sas purchased a new position in SPAR Group during the third quarter worth approximately $81,000. Finally, Corsair Capital Management L.P. raised its stake in SPAR Group by 3,205,200.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 64,104 shares during the last quarter. Hedge funds and other institutional investors own 9.57% of the company’s stock.

SPAR Group Stock Up 0.5 %

Shares of SPAR Group stock traded up $0.01 during trading hours on Thursday, reaching $1.88. 6,427 shares of the company’s stock were exchanged, compared to its average volume of 205,691. The company has a 50 day moving average of $2.21 and a two-hundred day moving average of $2.17. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $44.09 million, a P/E ratio of 3.69 and a beta of 0.67. SPAR Group has a fifty-two week low of $0.95 and a fifty-two week high of $3.12.

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.