Heritage Global (NASDAQ:HGBL) Insider Buys $31,720.00 in Stock
by Amy Steele · The Cerbat GemHeritage Global Inc. (NASDAQ:HGBL – Get Free Report) insider Nicholas Kirk Dove acquired 26,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $1.22 per share, with a total value of $31,720.00. Following the purchase, the insider owned 126,000 shares of the company’s stock, valued at approximately $153,720. This trade represents a 26.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Heritage Global Stock Up 3.3%
Shares of HGBL stock traded up $0.04 during trading on Wednesday, reaching $1.25. The company’s stock had a trading volume of 27,620 shares, compared to its average volume of 217,487. Heritage Global Inc. has a 1-year low of $1.13 and a 1-year high of $2.32. The stock’s 50-day moving average price is $1.32 and its 200 day moving average price is $1.32. The company has a market capitalization of $43.42 million, a price-to-earnings ratio of 12.50 and a beta of 0.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.95 and a quick ratio of 1.51.
Heritage Global (NASDAQ:HGBL – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Heritage Global had a return on equity of 4.86% and a net margin of 6.45%.The business had revenue of $12.73 million for the quarter, compared to analyst estimates of $13.49 million.
Institutional Trading of Heritage Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Militia Capital Management LLC purchased a new stake in shares of Heritage Global during the 1st quarter worth approximately $767,000. Evernest Financial Advisors LLC acquired a new stake in Heritage Global during the 1st quarter worth $274,000. XTX Topco Ltd acquired a new stake in Heritage Global during the 4th quarter worth $31,000. Rothschild Wealth LLC purchased a new stake in Heritage Global in the fourth quarter valued at $447,000. Finally, Mink Brook Asset Management LLC lifted its position in Heritage Global by 7.8% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,028,844 shares of the company’s stock valued at $2,516,000 after acquiring an additional 146,622 shares during the last quarter. Institutional investors and hedge funds own 33.46% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Heritage Global in a research report on Friday, March 27th. Lake Street Capital assumed coverage on Heritage Global in a research report on Friday, March 13th. They set a “buy” rating and a $4.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Heritage Global currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.
Check Out Our Latest Stock Analysis on Heritage Global
About Heritage Global
Heritage Global Inc operates as a global advisory and disposition firm specializing in the valuation, sale and auction of surplus and idle assets. Through its subsidiaries, Heritage Global Partners and Heritage Global Digital, the company delivers comprehensive end-to-end solutions, including asset appraisals, advisory services and multi-channel auction platforms. Its service offerings encompass industrial machinery and equipment, real estate, storage lockers and specialty assets, all designed to maximize recovery values for clients.
The company leverages both online and live in-person events to facilitate timely and transparent sales across diverse asset classes.