SPAR Group, Inc. (NASDAQ:SGRP) Short Interest Up 684.1% in April

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

Insiders Place Their Bets

In related news, major shareholder Robert G/ Brown sold 50,000 shares of the firm’s 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 transaction, the insider now owns 3,257,963 shares in the company, valued at $4,398,250.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Spar Business Services Inc sold 150,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 1,065,538 shares of the company’s stock, valued at approximately $1,470,442.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $67,500.00. Following the sale, the insider now owns 3,257,963 shares of the company’s stock, valued at $4,398,250.05. The disclosure for this sale can be found here. Insiders sold 200,943 shares of company stock worth $275,466 in the last quarter. 59.66% of the stock is currently owned by corporate insiders.

SPAR Group Stock Performance

Shares of SGRP traded down $0.16 during mid-day trading on Thursday, hitting $1.59. The stock had a trading volume of 146,857 shares, compared to its average volume of 231,588. The firm has a market cap of $38.51 million, a P/E ratio of 9.71 and a beta of 0.69. SPAR Group has a 52 week low of $0.70 and a 52 week high of $1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day moving average price of $1.27 and a 200-day moving average price of $1.09.

SPAR Group (NASDAQ:SGRP) last posted its earnings results on Monday, April 1st. The business services provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $65.00 million. SPAR Group had a net margin of 1.48% and a return on equity of 12.89%. On average, equities research analysts expect that SPAR Group will post 0.06 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.