Insider Selling: SPAR Group Inc (SGRP) Major Shareholder Sells 53,040 Shares of Stock

SPAR Group Inc (NASDAQ:SGRP) major shareholder Robert G/ Brown sold 53,040 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $0.71, for a total transaction of $37,658.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ:SGRP traded down $0.01 during trading on Thursday, reaching $0.70. The company had a trading volume of 51,336 shares, compared to its average volume of 117,937. The firm has a market capitalization of $14.51 million, a price-to-earnings ratio of 14.05 and a beta of 0.26. SPAR Group Inc has a 12 month low of $0.70 and a 12 month high of $3.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 1.33.

SPAR Group (NASDAQ:SGRP) last issued its quarterly earnings results on Monday, November 19th. The business services provider reported $0.03 EPS for the quarter. The firm had revenue of $58.39 million for the quarter. SPAR Group had a negative net margin of 1.03% and a positive return on equity of 4.21%.

Separately, TheStreet lowered shares of SPAR Group from a “c-” rating to a “d+” rating in a report on Thursday, September 6th.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.thelincolnianonline.com/2018/12/06/insider-selling-spar-group-inc-sgrp-major-shareholder-sells-53040-shares-of-stock.html.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and marketing services worldwide. The company's syndicated services include product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors.

Featured Article: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for SPAR Group (NASDAQ:SGRP)

Receive News & Ratings for SPAR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPAR Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply