SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Up 22.7% in July

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 69,300 shares, an increase of 22.7% from the June 30th total of 56,500 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 231,700 shares, the days-to-cover ratio is currently 0.3 days.

SPAR Group Trading Down 1.5 %

Shares of SPAR Group stock traded down $0.03 during trading on Tuesday, hitting $1.93. 10,379 shares of the company were exchanged, compared to its average volume of 231,526. The firm has a market capitalization of $46.96 million, a P/E ratio of 4.78 and a beta of 0.57. SPAR Group has a 1-year low of $0.70 and a 1-year high of $3.12. The firm’s fifty day moving average price is $2.26 and its 200 day moving average price is $1.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.69 and a quick ratio of 1.69.

SPAR Group (NASDAQ:SGRP) last posted its earnings results on Wednesday, May 15th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.08. The company had revenue of $68.69 million during the quarter, compared to analyst estimates of $48.00 million. SPAR Group had a return on equity of 13.08% and a net margin of 3.62%. As a group, sell-side analysts expect that SPAR Group will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Robert G/ Brown sold 15,201 shares of SPAR Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $2.11, for a total value of $32,074.11. Following the completion of the sale, the insider now directly owns 3,138,062 shares in the company, valued at $6,621,310.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Robert G/ Brown sold 15,201 shares of SPAR Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $2.11, for a total value of $32,074.11. Following the completion of the sale, the insider now directly owns 3,138,062 shares in the company, valued at $6,621,310.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Williams H. Bartels sold 1,000,000 shares of SPAR Group stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1.80, for a total value of $1,800,000.00. Following the completion of the sale, the director now owns 4,709,837 shares of the company’s stock, valued at $8,477,706.60. The disclosure for this sale can be found here. Insiders sold a total of 1,019,901 shares of company stock worth $1,844,717 over the last three months. 59.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SPAR Group

A hedge fund recently bought a new stake in SPAR Group stock. IAM Advisory LLC acquired a new stake in SPAR Group, Inc. (NASDAQ:SGRP) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 13,393 shares of the business services provider’s stock, valued at approximately $32,000. IAM Advisory LLC owned 0.06% of SPAR Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.57% of the company’s stock.

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.