The subsidiary of Spar Group Inc. $17,317 worth of shares sold via Investing.com

WEST PALM BEACH, FL – SPAR Business Services Inc., an entity of Robert J. Brown, disclosed a recent stock sale in SPAR Group, Inc. (NASDAQ:SGRP), a company with a market cap of $40.6 million and an impressive 78% return over the past year. According to a Form 4 filed with the Securities and Exchange Commission, the Company sold 9,361 shares of SPAR common stock on January 16, 2025, at a price of $1.85 per share, for a total of $17,317. InvestingPro The analysis suggests that the stock is currently undervalued, with analysts setting a price target of $7.

Following the transaction, SPAR Business Services Inc. 1,026,149 SPAR shares. This transaction was reported as a direct equity sale by the affiliated entity. The company’s business address is 7711 N Military Trail, Suite 1000, West Palm Beach, Florida. Trading at just 3.5 times earnings and with a strong financial health score, SGRP shows promising fundamentals. Discover more ideas and 10 additional ProTips by subscribing InvestingPro.

In other recent news, SPAR Group, a global trading and marketing services provider, is moving forward with its merger with Highwire Capital. The all-cash acquisition, which received unanimous approval from the SPAR Group Board of Directors, is scheduled to take place after shareholder approval. Mike Mataconas, President and CEO of SPAR Group, and Rob Wilson, CEO of Highwire Capital, have both expressed their commitment to completing the transaction. This development is part of SPAR Group’s strategic initiatives to expand its capabilities.

The company’s shareholders are set to receive $2.50 in cash per share as part of the merger deal, representing a 72% premium to its stock price when the merger agreement is announced. However, Apollo Technology Capital Corp, a SPAR shareholder, expressed concerns about Highwire’s ability to secure financing and the potential risks to SPAR if the deal fails.

The merger is expected to enhance SPAR Group’s business performance and customer service offerings. Highwire Capital, known for integrating advanced technologies into traditional business models, aims to drive efficiency and growth in its acquisitions. These latest developments represent an important turning point for the SPAR Group as it navigates future growth initiatives.

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