Insider Buying: SPAR Group (NASDAQ:SGRP) CFO Acquires $42,900.00 in Stock

SPAR Group, Inc. (NASDAQ:SGRP) CFO Steven Michael Hennen acquired 55,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average cost of $0.78 per share, for a total transaction of $42,900.00. Following the transaction, the chief financial officer owned 55,000 shares of the company’s stock, valued at approximately $42,900. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

SPAR Group Stock Performance

Shares of SGRP opened at $0.79 on Friday. The company’s fifty day moving average is $0.92 and its 200-day moving average is $1.03. SPAR Group, Inc. has a 12 month low of $0.76 and a 12 month high of $2.10. The firm has a market cap of $18.94 million, a price-to-earnings ratio of -11.30 and a beta of 0.06. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Friday, November 14th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.13). The business had revenue of $41.42 million during the quarter, compared to analyst estimates of $45.00 million. SPAR Group had a negative net margin of 9.52% and a negative return on equity of 34.89%. Equities analysts expect that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

SPAR Group Company Profile

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.