Spar Business Services Inc Sells 9,442 Shares of SPAR Group, Inc. (NASDAQ:SGRP) Stock

by · The Cerbat Gem

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) insider Spar Business Services Inc sold 9,442 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $2.43, for a total value of $22,944.06. Following the completion of the transaction, the insider now owns 1,035,538 shares in the company, valued at $2,516,357.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

SPAR Group Stock Performance

Shares of SPAR Group stock opened at $2.42 on Friday. The company has a market capitalization of $58.89 million, a PE ratio of 5.90 and a beta of 0.71. SPAR Group, Inc. has a 12 month low of $0.70 and a 12 month high of $3.12. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.05.

SPAR Group (NASDAQ:SGRP – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The business services provider reported $0.15 EPS 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 analysts’ expectations of $44.00 million. During the same quarter last year, the company posted $0.03 earnings per share. On average, research analysts predict that SPAR Group, Inc. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On SPAR Group

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of SPAR Group during the second quarter worth approximately $25,000. Acadian Asset Management LLC acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $27,000. IAM Advisory LLC acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $32,000. Dimensional Fund Advisors LP acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $68,000. Finally, Renaissance Technologies LLC raised its position in shares of SPAR Group by 199.6% in the second 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 in the last quarter. Institutional investors own 9.57% of the company’s stock.

About SPAR Group

(Get Free Report)

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.

Recommended Stories