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

SPAR Group, Inc. (NASDAQ:SGRP) insider Spar Business Services Inc sold 9,442 shares of SPAR Group stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $2.43, for a total value of $22,944.06. Following the sale, the insider now owns 1,035,538 shares in the company, valued at $2,516,357.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

SPAR Group Stock Performance

NASDAQ:SGRP opened at $2.42 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.67. SPAR Group, Inc. has a 12-month low of $0.70 and a 12-month high of $3.12. The business has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $2.05. The firm has a market capitalization of $58.89 million, a P/E ratio of 5.90 and a beta of 0.71.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings data on Wednesday, August 14th. The business services provider reported $0.15 EPS for the quarter. The company had revenue of $57.29 million for the quarter, compared to the consensus estimate of $44.00 million. SPAR Group had a return on equity of 12.27% and a net margin of 4.90%. During the same quarter in the previous year, the business earned $0.03 EPS. Equities research analysts predict that SPAR Group, Inc. will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SGRP. XTX Topco Ltd purchased a new position in SPAR Group in the second quarter valued at about $25,000. Acadian Asset Management LLC acquired a new position in shares of SPAR Group during the 2nd quarter worth about $27,000. IAM Advisory LLC acquired a new position in shares of SPAR Group during the 2nd quarter worth about $32,000. Dimensional Fund Advisors LP acquired a new position in SPAR Group in the 2nd quarter valued at approximately $68,000. Finally, Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 82,029 shares in the last quarter. 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.