Insider Selling: SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells $51,991.45 in Stock

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 21,221 shares of SPAR Group stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $2.45, for a total value of $51,991.45. Following the transaction, the insider now directly owns 2,476,378 shares in the company, valued at $6,067,126.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $2.43, for a total value of $4,799.25.

SPAR Group Stock Down 0.4 %

SGRP stock opened at $2.40 on Friday. The stock’s 50 day simple moving average is $2.29 and its 200 day simple moving average is $2.13. SPAR Group, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $3.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market cap of $56.28 million, a P/E ratio of 4.53 and a beta of 0.71.

SPAR Group (NASDAQ:SGRP) last posted 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 business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $44.00 million. During the same period in the prior year, the business earned $0.03 EPS. On average, research analysts expect that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SGRP. XTX Topco Ltd acquired a new position in SPAR Group during the 2nd quarter worth approximately $25,000. Acadian Asset Management LLC bought a new stake in SPAR Group during the 2nd quarter worth approximately $27,000. IAM Advisory LLC bought a new stake in SPAR Group during the 2nd quarter worth approximately $32,000. Dimensional Fund Advisors LP bought a new stake in SPAR Group during the 2nd quarter worth approximately $68,000. Finally, Renaissance Technologies LLC increased its holdings in SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after purchasing an additional 82,029 shares in the last quarter. 9.57% of the stock is owned by institutional investors and hedge funds.

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.