SPAR Group, Inc. (NASDAQ:SGRP) Sees Large Growth in Short Interest

SPAR Group, Inc. (NASDAQ:SGRP) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 69,000 shares, an increase of 684.1% from the March 31st total of 8,800 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 277,000 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at SPAR Group

In related news, major shareholder Robert G/ Brown sold 50,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the completion of the transaction, the insider now directly owns 3,257,963 shares of the company’s stock, valued at approximately $4,398,250.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Spar Business Services Inc sold 150,000 shares of SPAR Group stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.38, for a total transaction of $207,000.00. Following the transaction, the insider now owns 1,065,538 shares in the company, valued at approximately $1,470,442.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Robert G/ Brown sold 50,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1.35, for a total transaction of $67,500.00. Following the completion of the sale, the insider now directly owns 3,257,963 shares of the company’s stock, valued at approximately $4,398,250.05. The disclosure for this sale can be found here. Insiders have sold a total of 200,943 shares of company stock valued at $275,466 over the last ninety days. Corporate insiders own 59.66% of the company’s stock.

SPAR Group Trading Down 9.1 %

SGRP traded down $0.16 on Thursday, hitting $1.59. The company had a trading volume of 146,857 shares, compared to its average volume of 231,588. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.01. The firm has a market cap of $38.51 million, a P/E ratio of 9.71 and a beta of 0.69. The company’s fifty day moving average price is $1.27 and its 200 day moving average price is $1.09. SPAR Group has a 1 year low of $0.70 and a 1 year high of $1.97.

SPAR Group (NASDAQ:SGRP) last issued its quarterly earnings data on Monday, April 1st. The business services provider reported $0.11 EPS for the quarter. The firm had revenue of $65.10 million for the quarter, compared to analyst estimates of $65.00 million. SPAR Group had a net margin of 1.48% and a return on equity of 12.89%. As a group, equities analysts expect that SPAR Group will post 0.06 earnings per share 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.