80,000 Shares in SPAR Group, Inc. (NASDAQ:SGRP) Bought by Murchinson Ltd.

Murchinson Ltd. purchased a new stake in SPAR Group, Inc. (NASDAQ:SGRP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,000 shares of the business services provider’s stock, valued at approximately $196,000. Murchinson Ltd. owned approximately 0.34% of SPAR Group as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after buying an additional 82,029 shares during the last quarter. Corsair Capital Management L.P. lifted its position in SPAR Group by 3,205,200.0% in the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in SPAR Group in the second quarter valued at $68,000. IAM Advisory LLC purchased a new position in shares of SPAR Group during the second quarter worth about $32,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of SPAR Group during the second quarter worth about $27,000. 9.57% of the stock is currently owned by hedge funds and other institutional investors.

SPAR Group Stock Up 0.9 %

Shares of NASDAQ SGRP opened at $2.26 on Wednesday. The business has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.22. The stock has a market cap of $53.00 million, a PE ratio of 4.43 and a beta of 0.67. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12.

Insider Buying and Selling at SPAR Group

In other SPAR Group news, major shareholder Robert G/ Brown sold 21,221 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $2.45, for a total transaction of $51,991.45. Following the transaction, the insider now directly owns 2,476,378 shares of the company’s stock, valued at approximately $6,067,126.10. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 342,540 shares of company stock worth $827,417. 59.66% of the stock is owned by insiders.

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.