Spar Group affiliate sells $1,970 in common stock

Published 30/01/2025, 18:14
Spar Group affiliate sells $1,970 in common stock

SPAR Business Services Inc, an affiliate of Robert G. Brown, reported a sale of 1,000 shares of SPAR Group , Inc. (NASDAQ:SGRP) common stock on January 28, 2025. The shares were sold at a price of $1.97 each, resulting in a total transaction value of $1,970. Following this transaction, the affiliate holds 992,549 shares of SPAR Group. The sale was disclosed in a recent SEC filing.The transaction comes as SGRP trades at an attractive P/E ratio of 3.92 and has delivered an impressive 92% return over the past year. According to InvestingPro analysis, the stock currently appears undervalued, with 8 additional key insights available to subscribers. InvestingPro’s comprehensive research report offers detailed analysis of SGRP’s valuation and growth prospects among 1,400+ US stocks covered.

In other recent news, SPAR Group, a global merchandising and marketing services provider, is set to merge with Highwire Capital, a firm known for integrating advanced technologies into traditional business models. This all-cash acquisition, which received unanimous approval from SPAR Group’s Board of Directors, is a significant development for the company. Highwire Capital has extended its commitment letter with lenders until January 15, 2025, to meet the remaining lender requirements, reinforcing its dedication to the deal.

Analysts from InvestingPro have indicated that SPAR Group, currently trading at a P/E ratio of 3.6, is undervalued, suggesting potential for growth. The merger is part of SPAR Group’s strategy to expand its capabilities in merchandising, marketing, and distribution solutions. Despite some shareholders voicing concerns about the viability of the deal, the company’s leadership remains confident in the merger’s completion and its potential to enhance business performance and client service offerings. These are recent developments in the company’s strategic initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.