In a recent transaction, Robert G. Brown, a significant stockholder of SPAR Group, Inc. (NASDAQ:SGRP), sold a number of shares in the company. On March 13, 2024, Brown parted with 200 shares at a price of $1.03 each, totaling $206.
The sale has adjusted Brown's direct holdings in SPAR Group, Inc. to 3,397,963 shares. Additionally, he is associated with indirect ownership through Innovative Global Technologies LLC and SPAR Business Services, Inc., holding 3,000,000 and 1,215,981 shares respectively. It's noted that Robert G. Brown has a managerial role in Innovative Global Technologies LLC and is the controlling officer and a significant stockholder of SPAR Business Services, Inc.
Investors often monitor the buying and selling activities of significant stockholders as these can provide insights into their perspective on the company's future performance. The recent sale by Brown is part of the normal course of transactions reported by insiders of public companies.
InvestingPro Insights
Investors considering the recent insider sale by Robert G. Brown at SPAR Group, Inc. (NASDAQ:SGRP) may find additional context through real-time data and analysis from InvestingPro. Despite the modest size of the transaction, the company's financial health and market valuation are key factors that can provide a broader understanding of its potential.
SPAR Group is currently grappling with weak gross profit margins, as evidenced by the latest figures showing a margin of 20.59%. This is an important consideration for investors, as it reflects the company's efficiency in managing the cost of goods sold relative to its sales. The gross profit for the last twelve months as of Q3 2023 stood at 54M USD.
On a positive note, SPAR Group is trading at a low revenue valuation multiple, which might suggest that the company's stock is undervalued relative to its revenue generation. The market cap (adjusted) is at 23.71M USD, with revenue for the last twelve months reaching 262.29M USD.
Furthermore, SPAR Group's liquid assets exceed its short-term obligations, which may provide some reassurance to investors about the company's ability to cover its immediate liabilities. This is a crucial aspect of financial stability and can often influence investment decisions.
InvestingPro Tips include an analysis that SPAR Group has not been profitable over the last twelve months, and it does not pay a dividend to shareholders. These factors are significant when assessing the company's appeal to income-focused investors and its overall financial performance. For those interested in a deeper dive, there are additional InvestingPro Tips available at Investing.com, and by using the coupon code PRONEWS24, readers can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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