William Linnane Acquires 173,000 Shares of SPAR Group (NASDAQ:SGRP) Stock

SPAR Group, Inc. (NASDAQ:SGRP) President William Linnane bought 173,000 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was bought at an average price of $1.02 per share, with a total value of $176,460.00. Following the completion of the transaction, the president directly owned 190,909 shares of the company’s stock, valued at $194,727.18. This represents a 965.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SPAR Group Stock Down 2.3%

Shares of SGRP opened at $1.09 on Thursday. SPAR Group, Inc. has a 1 year low of $0.91 and a 1 year high of $2.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.09. The firm has a market cap of $25.70 million, a P/E ratio of 21.70 and a beta of 0.26.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Friday, April 28th. The business services provider reported ($0.03) EPS for the quarter. The company had revenue of $60.02 million during the quarter. SPAR Group had a negative return on equity of 18.99% and a negative net margin of 3.78%. On average, analysts forecast that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPAR Group currently has an average rating of “Sell”.

SPAR Group Company Profile

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.