Nantahala Capital Management LLC Sells 217,161 Shares of SPAR Group, Inc. (NASDAQ:SGRP)

Nantahala Capital Management LLC trimmed its position in shares of SPAR Group, Inc. (NASDAQ:SGRP) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 662,028 shares of the business services provider’s stock after selling 217,161 shares during the period. Nantahala Capital Management LLC owned 2.72% of SPAR Group worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.

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

SPAR Group Stock Performance

Shares of SGRP opened at $2.45 on Tuesday. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12. The stock’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $59.62 million, a price-to-earnings ratio of 5.98 and a beta of 0.67.

SPAR Group (NASDAQ:SGRP) last issued its quarterly earnings data on Wednesday, August 14th. The business services provider reported $0.15 EPS for the quarter. The company had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $44.00 million. SPAR Group had a net margin of 4.90% and a return on equity of 12.27%. During the same quarter in the previous year, the company earned $0.03 earnings per share. Research analysts forecast that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

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.