SPAR Group, Inc. (NASDAQ:SGRP - Get Free Report) insider Spar Business Services Inc sold 9,442 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $2.43, for a total transaction of $22,944.06. Following the completion of 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 accessible through this link.
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. The firm has a market capitalization of $56.68 million, a price-to-earnings ratio of 4.57 and a beta of 0.71. The company's fifty day moving average is $2.13 and its two-hundred day moving average is $2.04. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12.
SPAR Group (NASDAQ:SGRP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $44.00 million. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. During the same period last year, the business posted $0.03 EPS. Equities research analysts forecast that SPAR Group, Inc. will post 0.09 EPS for the current year.
Hedge Funds Weigh In On SPAR Group
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A number of hedge funds and other institutional investors have recently made changes to their positions in SGRP. IAM Advisory LLC bought a new position in shares of SPAR Group during the 2nd quarter worth about $32,000. Acadian Asset Management LLC bought a new position in shares of SPAR Group during the 2nd quarter worth about $27,000. Dimensional Fund Advisors LP bought a new position in shares of SPAR Group during the 2nd quarter worth about $68,000. Renaissance Technologies LLC lifted its holdings in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider's stock worth $297,000 after acquiring an additional 82,029 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of SPAR Group during the 2nd quarter worth about $25,000. 9.57% of the stock is owned by institutional investors.
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.
Further Reading
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