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

Posted by Irma Garcia on Oct 31st, 2024

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) major shareholder Robert G/ Brown sold 21,221 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $2.45, for a total value of $51,991.45. Following the sale, the insider now owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large 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 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 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 shares were sold at an average price of $2.42, for a total value 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 stock was sold at an average price of $2.43, for a total transaction of $4,799.25.

SPAR Group Stock Down 0.8 %

Shares of NASDAQ SGRP opened at $2.41 on Thursday. The stock has a market capitalization of $56.44 million, a price-to-earnings ratio of 4.55 and a beta of 0.71. SPAR Group, Inc. has a 52 week low of $0.70 and a 52 week high of $3.12. The firm has a 50-day moving average price of $2.26 and a 200 day moving average price of $2.12. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

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 during the quarter, compared to the consensus estimate 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 firm earned $0.03 EPS. Equities research analysts anticipate that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Trading of SPAR Group

Several large investors have recently bought and sold shares of SGRP. Acadian Asset Management LLC purchased a new stake in shares of SPAR Group in the 2nd quarter worth about $27,000. Renaissance Technologies LLC increased its holdings in SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 82,029 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in SPAR Group during the second quarter worth about $68,000. IAM Advisory LLC purchased a new stake in shares of SPAR Group in the second quarter valued at about $32,000. Finally, XTX Topco Ltd acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $25,000. 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.