Robert G/ Brown Sells 50,000 Shares of SPAR Group, Inc. (NASDAQ:SGRP) Stock

SPAR Group, Inc. (NASDAQ:SGRPGet Free Report) major shareholder Robert G/ Brown sold 50,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the sale, the insider now owns 3,257,963 shares of the company’s stock, valued at approximately $4,398,250.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Robert G/ Brown also recently made the following trade(s):

  • On Monday, March 11th, Robert G/ Brown sold 500 shares of SPAR Group stock. The stock was sold at an average price of $1.02, for a total value of $510.00.

SPAR Group Stock Up 13.8 %

SPAR Group stock traded up $0.20 during midday trading on Wednesday, hitting $1.68. 1,982,037 shares of the company were exchanged, compared to its average volume of 247,835. The company’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.00. The company has a market cap of $39.13 million, a PE ratio of 9.91 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. SPAR Group, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.74.

Hedge Funds Weigh In On SPAR Group

A hedge fund recently raised its stake in SPAR Group stock. Renaissance Technologies LLC raised its holdings in SPAR Group, Inc. (NASDAQ:SGRPFree Report) by 44.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,500 shares of the business services provider’s stock after purchasing an additional 27,500 shares during the period. Renaissance Technologies LLC owned about 0.41% of SPAR Group worth $116,000 as of its most recent SEC filing. Hedge funds and other 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 worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.

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