IAM Advisory LLC Purchases Shares of 13,393 SPAR Group, Inc. (NASDAQ:SGRP)

IAM Advisory LLC purchased a new stake in shares of SPAR Group, Inc. (NASDAQ:SGRP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,393 shares of the business services provider’s stock, valued at approximately $32,000.

SPAR Group Price Performance

NASDAQ:SGRP traded down $0.05 on Friday, reaching $1.93. 56,952 shares of the company’s stock traded hands, compared to its average volume of 101,025. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $2.17 and a 200-day simple moving average of $1.70. The firm has a market cap of $46.96 million, a PE ratio of 4.71 and a beta of 0.57. SPAR Group, Inc. has a 12 month low of $0.70 and a 12 month high of $3.12.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings results on Wednesday, May 15th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. The business had revenue of $68.69 million for the quarter, compared to analysts’ expectations of $48.00 million. SPAR Group had a return on equity of 13.08% and a net margin of 3.62%. Equities research analysts forecast that SPAR Group, Inc. will post 0.09 earnings per share for the current year.

Insider Activity

In other news, major shareholder Robert G/ Brown sold 15,201 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $2.11, for a total transaction of $32,074.11. Following the completion of the transaction, the insider now owns 3,138,062 shares in the company, valued at $6,621,310.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 59.66% of the company’s stock.

SPAR Group Profile

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.