Spar Group Inc Bearish Trade. Brown Robert G decreased Its Position

SPAR Group, Inc. (NASDAQ:SGRP) Logo

Investors sentiment is 0.5 in 2019 Q2. Its the same as in 2019Q1. It is flat, as 2 investors sold SPAR Group, Inc. shares while 4 reduced holdings. only 2 funds opened positions while 1 raised stakes. 1.23 million shares or 3.16% less from 1.27 million shares in 2019Q1 were reported.

Bridgeway Capital Mngmt owns 46,500 shares. Geode Cap Ltd Limited Liability Company reported 0% stake. Financial Bank Of America Corp De reported 0% stake. Panagora Asset accumulated 31,156 shares or 0% of the stock. Moreover, Deutsche Bank Ag has 0% invested in SPAR Group, Inc. (NASDAQ:SGRP) for 5,100 shares. 6,819 are owned by Blackrock Inc. Moreover, Morgan Stanley has 0% invested in SPAR Group, Inc. (NASDAQ:SGRP) for 11 shares. M&R Capital reported 5,000 shares or 0% of all its holdings. 82,392 are held by Vanguard Grp Inc. Rbf Capital Ltd Liability has invested 0.06% of its portfolio in SPAR Group, Inc. (NASDAQ:SGRP). Northern Trust Corp reported 0% stake.

Brown Robert G Reported reduced Stake in Spar Group Inc

Brown Robert G filed with SEC a SC 13D/A form for Spar Group Inc. It can be found at: 000121465919005858. As reported by Brown Robert G, the filler decreased its stake in the stock by -2.53 % for 11,465,611 shares. Brown Robert G currently owns 55% of the Industrials- stock. Date of activity: September 12, 2019.

Reasons Why Brown Robert G Holds Spar Group Inc

Purpose of Transaction

Item 4 of the Schedule 13D is herebyamended and supplemented as follows:

Mr. Brown, aloneor in conjunction with other stockholders, has determined from time to time, to engage with the Company’s Board of Directors(the “Board”) and to take actions in his capacity as a significant stockholder to strengthen the Company’scorporate governance. Under the Company’s Amended and Restated By-Laws (the “By-Laws”), stockholdershave the right to call special meetings of stockholders and to take action by written consent in lieu of a meeting. Previous actionstaken by Mr. Brown and Mr. Bartels are described in Amendment No. 1, Amendment No. 2, Amendment No. 3, and Amendment No. 4 andprevious actions taken by Mr. Brown and the Trust are described in Amendment No. 5.

CUSIP No. 784933103Page 5 of 10 Pages

Asreported in Amendment No. 5, on August 19, 2019, Mr. Brown and the Trust delivered a written request (the “August Request”)that the Company call a special meeting of stockholders in accordance with Section 2.02 of the By-Laws for the purpose of votingon a proposal to remove Arthur B. Drogue and R. Eric McCarthey from the Board without cause (the “Removal Proposal”).Mr. Bartels did not participate in this action. The foregoing summary of the August Request is qualified in its entirety by thefull text of the August Request, which is filed as Exhibit 12 to Amendment No. 5 and incorporated herein by reference.

Followingthe delivery of the August Request, the Company filed a Current Report on Form 8-K on August 23, 2019 in which the Company reportedthat it plans to call a special meeting of stockholders on or about the afternoon of November 14, 2019 (the “SpecialMeeting”) to consider, among other proposals, the Removal Proposal.

On September 12,2019, Mr. Brown and the Trust delivered a further written request (the “September Request”) that the Companycall a special meeting of stockholders in accordance with Section 2.02 of the By-Laws for the purpose of voting on the followingproposals to be presented for a vote following the Removal Proposal and in the order presented below:

·

A proposal to increase the size of the Board by one, provided such vote shall be of no effect if, at the time of the Election (as defined below), a vacancy exists on the Board due to the removal of Arthur B. Drogue or R. Eric McCarthey.

·

A proposal to elect Panos Lazaretos as a director of the Company (the “Election”).

·

A proposal to adopt amendments to the By-Laws, as set forth in the Appendix attached to the September Request, which amendments would (i) reduce the waiting period set forth in Section 3.04 for stockholders to fill certain vacancies on the Board from 90 days to 30 days and (ii) adopt a new provision establishing the applicable independence standards set forth in the Nasdaq Stock Market Rules and SEC rules as the independence standards applicable to the Company’s Board and Board Committees.

TheSeptember Request is intended to supplement the August Request. It is the expectation of Mr. Brown and the Trust that the proposalsset forth above will be presented to Company stockholders for a vote at the Special Meeting to be held on or about November 14,2019 in addition to the Removal Proposal to be presented at that meeting based on the August Request. The foregoing summary ofthe September Request is qualified in its entirety by the full text of the September Request, which is filed as Exhibit 14 toAmendment No. 5 and incorporated herein by reference.

Except as otherwiseset forth in this Item 4, the Reporting Persons (alone or in conjunction with other stockholders of the Company) currently haveno plan or proposal which relates to or would result in any of the matters referred to in paragraphs (a) through (j), inclusive,of Item 4 of Schedule 13D; provided, such plans or proposals may have been considered, and may from time to time hereafter beconsidered. The Reporting Persons may also acquire or dispose of Company securities in the ordinary course.

CUSIP No. 784933103Page 6 of 10 Pages

Spar Group Inc Institutional Sentiment

Filings show 7 investors own Spar Group Inc. The ownership in Q3 2017 is very low, at Infinity of the outstanding shares. This is increased by 15542. 1187954 were owned by these investors. 1 funds opened new Spar Group Inc stakes, 1 increased positions. There were 1 that closed positions and 1 reduced them.

Blackrock Inc is an investor bullish on Spar Group Inc, owning 7462 shares as of Q3 2017 for less than 0.01% of its portfolio. Vanguard Group Inc owns 56627 shares or less than 0.01% of its portfolio. NY M&R Capital Management Inc have less than 0.01% of its portfolio for 5000 shares. Further, Geode Capital Management Llc reported stake worth less than 0.01% of its portfolio. The CA Rbf Capital Llc owns 907290 shares. Spar Group Inc is 0.12% of its portfolio.

SEC Form 13D.

The stock increased 1.69% or $0.0168 during the last trading session, reaching $1.01. About 28,238 shares traded. SPAR Group, Inc. (NASDAQ:SGRP) has declined 42.18% since September 14, 2018 and is downtrending. It has underperformed by 42.18% the S&P500.

SPAR Group, Inc., together with its subsidiaries, provides merchandising and marketing services worldwide. The company has market cap of $21.05 million. The company's syndicated services include product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors. It has a 9.44 P/E ratio. The Company’s dedicated services consist of syndicated services, as well as new store set-up, store remodel, and fixture installation services for a specific retailer or manufacturer.

More notable recent SPAR Group, Inc. (NASDAQ:SGRP) news were published by: Seekingalpha.com which released: “SPAR Group, Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on May 30, 2018, also Finance.Yahoo.com with their article: “Could SPAR Group, Inc.’s (NASDAQ:SGRP) Investor Composition Influence The Stock Price? – Yahoo Finance” published on July 05, 2019, Globenewswire.com published: “SPAR Group Announces Appointment of New President and CEO – GlobeNewswire” on August 30, 2017. More interesting news about SPAR Group, Inc. (NASDAQ:SGRP) were released by: Globenewswire.com and their article: “SPAR Group Announces Financial Results for the Third Quarter Ended September 30, 2018 – GlobeNewswire” published on November 19, 2018 as well as Globenewswire.com‘s news article titled: “SPAR Group Announces Departure of CEO Nasdaq:SGRP – GlobeNewswire” with publication date: May 17, 2017.

SPAR Group, Inc. (NASDAQ:SGRP) Institutional Positions Chart

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