SPAR Group, Inc. (NASDAQ:SGRP) Sees Significant Increase in Short Interest

SPAR Group, Inc. (NASDAQ:SGRP) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 57,000 shares, an increase of 56.2% from the September 30th total of 36,500 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 190,600 shares, the short-interest ratio is presently 0.3 days.

Insider Activity at SPAR Group

In other SPAR Group news, major shareholder Robert G/ Brown sold 162,454 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $2.40, for a total transaction of $389,889.60. Following the transaction, the insider now owns 2,568,446 shares of the company’s stock, valued at approximately $6,164,270.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 321,319 shares of company stock valued at $775,426 over the last ninety days. Insiders own 59.66% of the company’s stock.

Institutional Trading of SPAR Group

A number of hedge funds have recently added to or reduced their stakes in SGRP. XTX Topco Ltd purchased a new stake in shares of SPAR Group during the second quarter worth approximately $25,000. Renaissance Technologies LLC raised its position in 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. Dimensional Fund Advisors LP acquired a new stake in shares of SPAR Group in the 2nd quarter worth $68,000. Acadian Asset Management LLC purchased a new stake in shares of SPAR Group in the second quarter valued at about $27,000. Finally, IAM Advisory LLC purchased a new stake in shares of SPAR Group in the second quarter valued at about $32,000. 9.57% of the stock is owned by institutional investors and hedge funds.

SPAR Group Stock Performance

Shares of SPAR Group stock traded down $0.01 during trading on Tuesday, reaching $2.43. The company’s stock had a trading volume of 49,997 shares, compared to its average volume of 220,355. The company has a 50-day moving average price of $2.26 and a two-hundred day moving average price of $2.12. SPAR Group has a fifty-two week low of $0.70 and a fifty-two week high of $3.12. The firm has a market cap of $56.91 million, a PE ratio of 4.58 and a beta of 0.71. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06.

SPAR Group (NASDAQ:SGRP) last announced its earnings results on Wednesday, August 14th. The business services provider reported $0.15 EPS for the quarter. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. The business had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $44.00 million. During the same period in the prior year, the company earned $0.03 earnings per share. On average, analysts forecast that SPAR Group will post 0.09 EPS for the current year.

SPAR Group Company 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.