SPAR Group, Inc. (NASDAQ:SGRP) Major Shareholder Robert G/ Brown Sells 11,000 Shares

SPAR Group, Inc. (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 11,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $1.92, for a total value of $21,120.00. Following the sale, the insider now directly owns 2,456,378 shares in the company, valued at $4,716,245.76. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major 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 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 transaction of $17,280.00.
• On Monday, October 28th, Robert G/ Brown sold 21,221 shares of SPAR Group stock. The shares were sold at an average price of $2.45, for a total transaction of $51,991.45.
• 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 value 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 value 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 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 value 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 transaction of $4,799.25.

SPAR Group Stock Performance

Shares of SGRP stock traded down $0.03 during mid-day trading on Monday, hitting $1.92. The stock had a trading volume of 37,742 shares, compared to its average volume of 35,647. The firm has a market cap of $45.02 million, a PE ratio of 3.76 and a beta of 0.69. The company’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $2.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. SPAR Group, Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $3.12.

Hedge Funds Weigh In On SPAR Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in shares of SPAR Group in the 2nd quarter valued at approximately $27,000. Renaissance Technologies LLC grew its stake 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 purchasing an additional 82,029 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of SPAR Group in the 2nd quarter valued at about $68,000. Oddo BHF Asset Management Sas acquired a new stake in shares of SPAR Group in the third quarter valued at about $81,000. Finally, Murchinson Ltd. purchased a new stake in SPAR Group during the third quarter worth about $196,000. Institutional investors and hedge funds own 9.57% of the company’s stock.

About SPAR Group

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.