SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Robert G/ Brown Sells 21,221 Shares

Posted by Suzanne Cooper on Oct 31st, 2024

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) major shareholder Robert G/ Brown sold 21,221 shares of SPAR Group stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $2.45, for a total value of $51,991.45. Following the completion of the transaction, the insider now owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Thursday, October 24th, Robert G/ Brown sold 3,839 shares of SPAR Group stock. The shares were sold at an average price of $2.42, for a total transaction of $9,290.38.
On Tuesday, October 22nd, Robert G/ Brown sold 43,834 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total transaction of $106,078.28.
On Friday, October 18th, Robert G/ Brown sold 162,454 shares of SPAR Group stock. The shares were sold at an average price of $2.40, for a total transaction of $389,889.60.
On Wednesday, October 16th, Robert G/ Brown sold 800 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total transaction of $1,936.00.
On Monday, October 14th, Robert G/ Brown sold 2,100 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total value of $5,082.00.
On Thursday, October 10th, Robert G/ Brown sold 94,900 shares of SPAR Group stock. The shares were sold at an average price of $2.43, for a total value of $230,607.00.
On Tuesday, October 8th, Robert G/ Brown sold 1,975 shares of SPAR Group stock. The stock was sold at an average price of $2.43, for a total value of $4,799.25.
On Tuesday, October 8th, Robert G/ Brown sold 1,975 shares of SPAR Group stock. The shares were sold at an average price of $2.43, for a total transaction of $4,799.25.

SPAR Group Trading Down 0.8 %

Shares of SPAR Group stock opened at $2.41 on Thursday. The company has a fifty day simple moving average of $2.26 and a 200-day simple moving average of $2.12. SPAR Group, Inc. has a 12-month low of $0.70 and a 12-month high of $3.12. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $56.44 million, a price-to-earnings ratio of 4.55 and a beta of 0.71.

SPAR Group (NASDAQ:SGRP – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. SPAR Group had a return on equity of 12.27% and a net margin of 4.90%. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $44.00 million. During the same quarter last year, the company posted $0.03 earnings per share. On average, equities analysts forecast that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $25,000. Acadian Asset Management LLC purchased a new stake in SPAR Group in the 2nd quarter valued at $27,000. IAM Advisory LLC acquired a new stake in SPAR Group during the 2nd quarter worth $32,000. Dimensional Fund Advisors LP purchased a new position in SPAR Group during the 2nd quarter worth $68,000. Finally, Renaissance Technologies LLC increased its stake in SPAR Group by 199.6% in the second quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 82,029 shares during the period. Institutional investors and hedge funds own 9.57% of the company’s stock.

SPAR Group Company Profile

(Get Free Report)

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.