Insider Selling: SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Sells $21,120.00 in Stock

Posted by Cindy Kellogue on Jan 9th, 2025

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) major shareholder Robert G/ Brown sold 11,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $1.92, for a total transaction of $21,120.00. Following the completion of the sale, the insider now directly owns 2,456,378 shares of the company’s stock, valued at approximately $4,716,245.76. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Saturday, December 21st, Robert G/ Brown sold 9,000 shares of SPAR Group stock. The shares were sold at an average price of $1.92, for a total value of $17,280.00.
On Monday, October 28th, Robert G/ Brown sold 21,221 shares of SPAR Group stock. The stock was sold at an average price of $2.45, for a total value of $51,991.45.
On Thursday, October 24th, Robert G/ Brown sold 3,839 shares of SPAR Group stock. The stock was sold at an average price of $2.42, for a total value of $9,290.38.
On Tuesday, October 22nd, Robert G/ Brown sold 43,834 shares of SPAR Group stock. The shares were 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 stock was 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 shares were sold at an average price of $2.42, for a total transaction of $5,082.00.
On Thursday, October 10th, Robert G/ Brown sold 94,900 shares of SPAR Group stock. The stock was 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 shares were 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 value of $4,799.25.

SPAR Group Stock Down 2.1 %

Shares of SGRP opened at $1.88 on Thursday. The company’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $2.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. SPAR Group, Inc. has a 1 year low of $0.96 and a 1 year high of $3.12. The stock has a market capitalization of $44.09 million, a PE ratio of 3.69 and a beta of 0.69.

Institutional Investors Weigh In On SPAR Group

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in shares of SPAR Group by 199.6% in the second 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 in the last quarter. Murchinson Ltd. purchased a new position in SPAR Group in the third quarter valued at $196,000. Corsair Capital Management L.P. grew its stake in SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after purchasing an additional 64,104 shares in the last quarter. Geode Capital Management LLC increased its holdings in SPAR Group by 35.0% during the 3rd quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after purchasing an additional 35,450 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in SPAR Group in the 3rd quarter valued at about $81,000. 9.57% of the stock is currently owned by institutional investors and hedge funds.

About SPAR Group

(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.