Insider Selling: Williams Bartels Sells 9,425 Shares of SPAR Group Stock (SGRP)
SPAR Group (NASDAQ:SGRP) major shareholder Williams Bartels sold 9,425 shares of SPAR Group stock on the open market in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $1.95, for a total value of $18,378.75. Following the transaction, the insider now directly owns 5,376,567 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Separately, analysts at Thomson Reuters/Verus downgraded shares of SPAR Group (NASDAQ:SGRP) from a “hold” rating to a “sell” rating in a research note to investors on Monday, July 8th.
SPAR Group (NASDAQ:SGRP) remained flat at $1.9643 during trading on Wednesday. SPAR Group has a 1-year low of $1.40 and a 1-year high of $3.36. The stock has a 50-day moving average of $1.99 and a 200-day moving average of $1.9. The company has a market cap of $40.2 million and a price-to-earnings ratio of 22.84.
SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter. The company had revenue of $28.70 million for the quarter, compared to the consensus estimate of $24.34 million. On average, analysts predict that SPAR Group will post $0.08 earnings per share for the current fiscal year.
SPAR Group, Inc, (NASDAQ:SGRP) is a diversified international merchandising and marketing services company and provides an array of services worldwide.
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