In a recent transaction, SPAR Business Services Inc, an entity affiliated with Robert G Brown, has sold shares of SPAR Group, Inc. (NASDAQ:SGRP), a company specializing in business services. The sale, which took place on March 18, 2024, involved the disposal of 443 shares of common stock at a price of $1.03 per share, totaling approximately $456.
The transaction has slightly adjusted the ownership stake of SPAR Business Services Inc in SPAR Group, with the entity now holding 1,215,538 shares following the sale. This move by an affiliate of a notable figure within the company, Robert G Brown, is part of the regular financial disclosures that companies are required to make.
Investors often keep an eye on insider transactions as they can provide insights into the company's performance and the confidence insiders have in the business's prospects. The details of these transactions are publicly filed and can be indicative of strategic shifts or personal financial management by those with intimate knowledge of the company.
SPAR Group, with its headquarters in Auburn Hills, Michigan, operates in the business services sector and is incorporated in Delaware. The company's stock is traded under the ticker symbol SGRP on the NASDAQ exchange.
InvestingPro Insights
As SPAR Group, Inc. (NASDAQ:SGRP) experiences insider trading activity, it's essential to consider the company's financial health and market position. According to real-time data from InvestingPro, SPAR Group has a market capitalization of approximately $23.47 million USD. Despite a modest annual revenue growth of 2.2% in the last twelve months as of Q3 2023, the company has faced challenges with profitability, as indicated by a negative P/E ratio of -13.51 in the same period. Additionally, the revenue valuation multiple suggests that the stock is trading at low multiples compared to its revenue.
One of the key InvestingPro Tips indicates that SPAR Group's liquid assets exceed its short-term obligations, which may provide some financial stability in the near term. However, the company does not pay dividends, which can be a consideration for income-focused investors. Moreover, the gross profit margin stands at 20.59%, which is a point of concern as it reflects weak gross profit margins.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available at InvestingPro. These tips might shed light on other aspects of SPAR Group's financial performance and market valuation. Interested readers can access these insights and take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With these resources, investors can further gauge the implications of insider transactions and the company's overall financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.