Steven Michael Hennen Purchases 78,000 Shares of SPAR Group (NASDAQ:SGRP) Stock

SPAR Group, Inc. (NASDAQ:SGRP) CFO Steven Michael Hennen acquired 78,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the purchase, the chief financial officer owned 133,000 shares in the company, valued at approximately $85,120. This represents a 141.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

SPAR Group Stock Performance

SGRP traded up $0.01 during trading hours on Tuesday, reaching $0.68. The company’s stock had a trading volume of 35,646 shares, compared to its average volume of 38,877. SPAR Group, Inc. has a 52 week low of $0.50 and a 52 week high of $1.41. The company’s 50-day moving average is $0.68 and its 200-day moving average is $0.82. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $16.52 million, a PE ratio of -0.66 and a beta of 0.18.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.41). The company had revenue of $22.02 million during the quarter, compared to analyst estimates of $40.00 million. SPAR Group had a negative net margin of 18.09% and a negative return on equity of 66.43%. During the same quarter last year, the company posted ($0.24) EPS.

About SPAR Group

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.