Murchinson Ltd. Makes New $196,000 Investment in SPAR Group, Inc. (NASDAQ:SGRP)

Murchinson Ltd. bought a new position in shares of SPAR Group, Inc. (NASDAQ:SGRP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 80,000 shares of the business services provider’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Corsair Capital Management L.P. grew its holdings in shares of SPAR Group by 3,205,200.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after acquiring an additional 64,104 shares during the period. XTX Topco Ltd acquired a new stake in SPAR Group in the second quarter valued at $25,000. Renaissance Technologies LLC increased its position 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 valued at $297,000 after buying an additional 82,029 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of SPAR Group during the 2nd quarter worth $68,000. Finally, Acadian Asset Management LLC acquired a new position in shares of SPAR Group during the 2nd quarter worth $27,000. 9.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Robert G/ Brown sold 162,454 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $2.40, for a total value of $389,889.60. Following the sale, the insider now directly owns 2,568,446 shares of the company’s stock, valued at approximately $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 the SEC website. 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 Stock Up 0.9 %

Shares of NASDAQ SGRP opened at $2.26 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. The firm’s 50-day moving average is $2.37 and its two-hundred day moving average is $2.22. SPAR Group, Inc. has a 12-month low of $0.70 and a 12-month high of $3.12. The company has a market capitalization of $53.00 million, a PE ratio of 4.43 and a beta of 0.67.

SPAR Group 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.