SPAR Group (NASDAQ:SGRP) CFO Steven Michael Hennen Acquires 55,000 Shares

SPAR Group, Inc. (NASDAQ:SGRP) CFO Steven Michael Hennen purchased 55,000 shares of the stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of $0.78 per share, with a total value of $42,900.00. Following the acquisition, the chief financial officer directly owned 55,000 shares in the company, valued at $42,900. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SPAR Group Stock Performance

NASDAQ:SGRP opened at $0.79 on Wednesday. SPAR Group, Inc. has a twelve month low of $0.76 and a twelve month high of $2.10. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $1.03. The firm has a market capitalization of $18.80 million, a PE ratio of -11.21 and a beta of 0.09.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Friday, November 14th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%.The business had revenue of $41.42 million for the quarter, compared to analyst estimates of $45.00 million. On average, analysts anticipate that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About SPAR Group

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.