Geode Capital Management LLC Raises Stock Holdings in SPAR Group, Inc. (NASDAQ:SGRP)

Geode Capital Management LLC boosted its holdings in SPAR Group, Inc. (NASDAQ:SGRP) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,691 shares of the business services provider’s stock after buying an additional 35,450 shares during the quarter. Geode Capital Management LLC owned 0.58% of SPAR Group worth $335,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Acadian Asset Management LLC bought a new position in shares of SPAR Group during the 2nd quarter valued at approximately $27,000. Renaissance Technologies LLC boosted its position in shares of SPAR Group by 199.6% during the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 82,029 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of SPAR Group during the 2nd quarter valued at approximately $68,000. Murchinson Ltd. bought a new position in shares of SPAR Group during the 3rd quarter valued at approximately $196,000. Finally, Corsair Capital Management L.P. boosted its position in shares of SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares during the last quarter. Hedge funds and other institutional investors own 9.57% of the company’s stock.

Insider Activity

In related news, major shareholder Robert G/ Brown sold 21,221 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.45, for a total transaction of $51,991.45. Following the sale, the insider now owns 2,476,378 shares in the company, valued at approximately $6,067,126.10. This represents a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 252,148 shares of company stock worth $597,586. 59.66% of the stock is currently owned by insiders.

SPAR Group Stock Up 0.5 %

NASDAQ SGRP opened at $1.89 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $44.32 million, a P/E ratio of 3.71 and a beta of 0.69. SPAR Group, Inc. has a one year low of $0.97 and a one year high of $3.12. The stock has a 50 day moving average price of $2.09 and a 200-day moving average price of $2.14.

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.