Smith Chas P & Associates PA Cpas Acquires Shares of 48,443 SPAR Group Inc (NASDAQ:SGRP)
Smith Chas P & Associates PA Cpas acquired a new stake in shares of SPAR Group Inc (NASDAQ:SGRP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 48,443 shares of the business services provider’s stock, valued at approximately $50,000.
Several analysts have commented on SGRP shares. ValuEngine raised SPAR Group from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. TheStreet raised SPAR Group from a “d” rating to a “c” rating in a research note on Friday, September 6th.
In other news, major shareholder Robert G/ Brown sold 70,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $1.01, for a total transaction of $70,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kori Belzer sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $1.17, for a total value of $29,250.00. Following the transaction, the chief operating officer now directly owns 150,671 shares of the company’s stock, valued at $176,285.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,486 shares of company stock valued at $171,584. Company insiders own 63.90% of the company’s stock.
SPAR Group (NASDAQ:SGRP) last issued its earnings results on Wednesday, August 14th. The business services provider reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $68.22 million during the quarter. SPAR Group had a return on equity of 12.56% and a net margin of 0.93%.
SPAR Group Company Profile
SPAR Group, Inc, together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors.
Further Reading: Stocks at 52 Week High
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