SPAR Group, Inc. (NASDAQ:SGRP) Sees Significant Decrease in Short Interest

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 15,800 shares, a decline of 61.1% from the November 15th total of 40,600 shares. Based on an average trading volume of 113,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Insider Buying and Selling at SPAR Group

In related news, major shareholder Robert G/ Brown sold 21,221 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $2.45, for a total value of $51,991.45. Following the completion of the transaction, the insider now owns 2,476,378 shares of the company’s stock, valued at approximately $6,067,126.10. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 342,540 shares of company stock worth $827,417. Corporate insiders own 59.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in shares of SPAR Group by 199.6% in the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after buying an additional 82,029 shares during the last quarter. Murchinson Ltd. acquired a new position in SPAR Group during the third quarter worth $196,000. Corsair Capital Management L.P. raised its position in SPAR Group by 3,205,200.0% during the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after acquiring an additional 64,104 shares in the last quarter. Geode Capital Management LLC lifted its stake in SPAR Group by 35.0% in the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 35,450 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in SPAR Group in the third quarter valued at $81,000. 9.57% of the stock is currently owned by institutional investors.

SPAR Group Stock Down 3.0 %

Shares of NASDAQ SGRP traded down $0.06 during mid-day trading on Friday, hitting $1.95. The company had a trading volume of 59,787 shares, compared to its average volume of 210,631. 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 firm has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.21. The company has a market capitalization of $45.73 million, a PE ratio of 3.82 and a beta of 0.67. SPAR Group has a one year low of $0.81 and a one year high of $3.12.

About SPAR Group

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.