Insider Buying: SPAR Group (NASDAQ:SGRP) CFO Purchases 78,000 Shares of Stock

SPAR Group, Inc. (NASDAQ:SGRP) CFO Steven Michael Hennen bought 78,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $0.64 per share, with a total value of $49,920.00. Following the completion of the transaction, the chief financial officer directly owned 133,000 shares in the company, valued at approximately $85,120. This trade represents a 141.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SPAR Group Trading Up 0.8%

Shares of SPAR Group stock traded up $0.01 during trading on Tuesday, hitting $0.68. 35,646 shares of the company were exchanged, compared to its average volume of 38,877. The firm has a market capitalization of $16.52 million, a P/E ratio of -0.66 and a beta of 0.18. SPAR Group, Inc. has a 1-year low of $0.50 and a 1-year high of $1.41. The firm’s fifty day moving average price is $0.68 and its 200 day moving average price is $0.82. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.83 and a quick ratio of 0.83.

SPAR Group (NASDAQ:SGRP) last posted its earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.41). The company had revenue of $22.02 million for the quarter, compared to analyst estimates of $40.00 million. SPAR Group had a negative return on equity of 66.43% and a negative net margin of 18.09%.During the same quarter in the previous year, the firm posted ($0.24) earnings per share.

About SPAR Group

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.