Corsair Capital Management L.P. Boosts Stock Position in SPAR Group, Inc. (NASDAQ:SGRP)

Corsair Capital Management L.P. grew its stake in shares of SPAR Group, Inc. (NASDAQ:SGRP) by 3,205,200.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,106 shares of the business services provider’s stock after acquiring an additional 64,104 shares during the quarter. Corsair Capital Management L.P.’s holdings in SPAR Group were worth $157,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IAM Advisory LLC acquired a new stake in shares of SPAR Group during the second quarter worth $32,000. Acadian Asset Management LLC purchased a new stake in SPAR Group during the 2nd quarter valued at about $27,000. Dimensional Fund Advisors LP acquired a new position in shares of SPAR Group in the second quarter valued at about $68,000. Renaissance Technologies LLC raised its stake in shares of SPAR Group by 199.6% in the second quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after purchasing an additional 82,029 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of SPAR Group during the second quarter worth about $25,000. 9.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 2,568,446 shares of the company’s stock, valued at $6,164,270.40. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 342,540 shares of company stock valued at $827,417 over the last 90 days. Insiders own 59.66% of the company’s stock.

SPAR Group Price Performance

Shares of NASDAQ:SGRP opened at $2.26 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. SPAR Group, Inc. has a twelve month low of $0.70 and a twelve month high of $3.12. The company’s 50 day moving average is $2.39 and its 200 day moving average is $2.20. The company has a market cap of $53.00 million, a PE ratio of 4.43 and a beta of 0.71.

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.