Robert G/ Brown Sells 21,221 Shares of SPAR Group, Inc. (NASDAQ:SGRP) Stock

SPAR Group, Inc. (NASDAQ:SGRP) 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 value of $51,991.45. Following the sale, the insider now directly owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% 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 Thursday, October 24th, Robert G/ Brown sold 3,839 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total value of $9,290.38.
• On Tuesday, October 22nd, Robert G/ Brown sold 43,834 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total value of $106,078.28.
• 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 value 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 value of $1,936.00.
• On Monday, October 14th, Robert G/ Brown sold 2,100 shares of SPAR Group stock. The shares were 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 shares were 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 Price Performance

Shares of NASDAQ SGRP opened at $2.40 on Friday. The stock has a fifty day simple moving average of $2.29 and a two-hundred day simple moving average of $2.13. SPAR Group, Inc. has a 1-year low of $0.70 and a 1-year high of $3.12. The firm has a market cap of $56.28 million, a price-to-earnings ratio of 4.53 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 quarterly earnings data 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 business had revenue of $57.29 million during the quarter, compared to analyst estimates of $44.00 million. During the same period in the prior year, the company earned $0.03 earnings per share. Analysts anticipate that SPAR Group, Inc. will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On SPAR Group

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in SPAR Group during the second quarter valued at $25,000. Acadian Asset Management LLC bought a new position in SPAR Group during the second quarter valued at $27,000. IAM Advisory LLC bought a new position in SPAR Group during the second quarter valued at $32,000. Dimensional Fund Advisors LP purchased a new stake in shares of SPAR Group during the second quarter worth $68,000. Finally, Renaissance Technologies LLC lifted its position in shares of SPAR Group by 199.6% during the second quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after acquiring an additional 82,029 shares in the last quarter. 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 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.