Robert G. Brown, a director and 10% owner of SPAR Group Inc., sold 1,000 shares on November 5, 2026, at $0.65 per share for a total of $650. The sale occurred as SPAR Group stock declined nearly 12% over the past week, though InvestingPro's Fair Value analysis suggests the stock remains undervalued at current levels.
Following the transaction, Brown directly holds 2,741,389 shares of common stock, including 44,000 shares owned by his wife Jean Brown. He also indirectly owns 3,000,000 shares through Innovative Global Technologies LLC, where he serves as a manager, and 538,194 shares through SPAR Business Services Inc., where he is the controlling officer and director.
SPAR Group reported a return to profitability in the second quarter of 2026, achieving adjusted earnings of $0.04 per share on revenue of $36.9 million. This marked the company's first profitable quarter since Q1 2025. Adjusted EBITDA increased 63% compared to the same period last year. The company attributed the turnaround to a strategic shift away from lower-margin remodel work toward recurring merchandising services. Gross margins held steady at 22.8%.