SPAR Group (SGRP) Set to Announce Quarterly Earnings on Monday

SPAR Group (NASDAQ:SGRP) will post its quarterly earnings results on Monday, April 15th.

SPAR Group Stock Performance

SPAR Group stock opened at $1.79 on Friday. SPAR Group has a twelve month low of $0.70 and a twelve month high of $1.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $43.35 million, a P/E ratio of 10.53 and a beta of 0.69. The stock’s 50 day moving average is $1.17 and its 200 day moving average is $1.04.

Insider Transactions at SPAR Group

In other SPAR Group news, insider Spar Business Services Inc sold 150,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.38, for a total transaction of $207,000.00. Following the completion of the sale, the insider now directly owns 1,065,538 shares in the company, valued at approximately $1,470,442.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Spar Business Services Inc sold 150,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.38, for a total value of $207,000.00. Following the completion of the transaction, the insider now owns 1,065,538 shares in the company, valued at $1,470,442.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Robert G/ Brown sold 50,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1.35, for a total value of $67,500.00. Following the transaction, the insider now directly owns 3,257,963 shares in the company, valued at $4,398,250.05. The disclosure for this sale can be found here. Insiders sold a total of 200,943 shares of company stock valued at $275,466 in the last quarter. 59.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPAR Group stock. Renaissance Technologies LLC raised its stake in shares of SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,500 shares of the business services provider’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned about 0.41% of SPAR Group worth $116,000 as of its most recent SEC filing. 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 worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.