Acadian Asset Management LLC Invests $27,000 in SPAR Group, Inc. (NASDAQ:SGRP)

Acadian Asset Management LLC purchased a new position in SPAR Group, Inc. (NASDAQ:SGRP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,313 shares of the business services provider’s stock, valued at approximately $27,000.

Separately, IAM Advisory LLC purchased a new stake in SPAR Group in the second quarter worth about $32,000. 9.57% of the stock is owned by hedge funds and other institutional investors.

SPAR Group Price Performance

SGRP stock opened at $2.40 on Friday. 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 firm has a 50 day moving average price of $2.00 and a 200-day moving average price of $1.90. SPAR Group, Inc. has a 52-week low of $0.70 and a 52-week high of $3.12. The firm has a market capitalization of $58.40 million, a price-to-earnings ratio of 5.85 and a beta of 0.67.

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