Insider Selling: SPAR Group Inc (NASDAQ:SGRP) Insider Sells 12,584 Shares of Stock

SPAR Group Inc (NASDAQ:SGRP) insider Kori Belzer sold 12,584 shares of SPAR Group stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.15, for a total value of $14,471.60. Following the transaction, the insider now owns 60,906 shares in the company, valued at approximately $70,041.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kori Belzer also recently made the following trade(s):

  • On Wednesday, November 20th, Kori Belzer sold 30,400 shares of SPAR Group stock. The shares were sold at an average price of $1.20, for a total value of $36,480.00.
  • On Tuesday, September 10th, Kori Belzer sold 3,186 shares of SPAR Group stock. The stock was sold at an average price of $1.00, for a total value of $3,186.00.
  • On Thursday, August 22nd, Kori Belzer sold 25,000 shares of SPAR Group stock. The stock was sold at an average price of $1.17, for a total value of $29,250.00.

Shares of NASDAQ:SGRP traded up $0.08 during midday trading on Wednesday, reaching $1.22. 501,900 shares of the company were exchanged, compared to its average volume of 57,203. The firm has a market cap of $23.98 million, a PE ratio of 6.76 and a beta of 0.32. SPAR Group Inc has a fifty-two week low of $0.45 and a fifty-two week high of $1.29. The stock has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

A hedge fund recently bought a new stake in SPAR Group stock. Smith Chas P & Associates PA Cpas bought a new position in shares of SPAR Group Inc (NASDAQ:SGRP) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 48,443 shares of the business services provider’s stock, valued at approximately $50,000. Smith Chas P & Associates PA Cpas owned approximately 0.23% of SPAR Group at the end of the most recent quarter. 5.98% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. TheStreet raised shares of SPAR Group from a “d” rating to a “c” rating in a research note on Friday, September 6th. ValuEngine cut shares of SPAR Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 14th.

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.

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Insider Buying and Selling by Quarter for SPAR Group (NASDAQ:SGRP)

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