Sacks Parente Golf Stock to Reverse Split on Monday, March 17th (NASDAQ:SPGC)

Posted by Donna Armstrong on Mar 13th, 2025

Sacks Parente Golf, Inc. (NASDAQ:SPGC – Free Report)’s stock is scheduled to reverse split on Monday, March 17th. The 1-30 reverse split was announced on Tuesday, March 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

Sacks Parente Golf Price Performance

Sacks Parente Golf stock opened at $0.11 on Thursday. The firm has a market cap of $197,208.00, a PE ratio of -0.03 and a beta of 4.59. The stock’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $1.47. Sacks Parente Golf has a one year low of $0.09 and a one year high of $6.69.

Sacks Parente Golf declared that its board has approved a stock repurchase plan on Monday, February 3rd that permits the company to repurchase $1.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 85.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Sacks Parente Golf

An institutional investor recently bought a new position in Sacks Parente Golf stock. Renaissance Technologies LLC bought a new stake in Sacks Parente Golf, Inc. (NASDAQ:SPGC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 172,300 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned approximately 9.44% of Sacks Parente Golf as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About Sacks Parente Golf

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Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.