Heritage Global Inc. (NASDAQ:HGBL - Get Free Report)'s stock price dropped 5% during mid-day trading on Thursday . The company traded as low as $2.08 and last traded at $2.10. Approximately 78,683 shares changed hands during trading, an increase of 30% from the average daily volume of 60,657 shares. The stock had previously closed at $2.21.
Heritage Global Stock Down 3.3 %
The business has a fifty day moving average price of $2.01 and a 200-day moving average price of $1.83. The stock has a market capitalization of $75.80 million, a P/E ratio of 7.25 and a beta of 1.17.
Institutional Trading of Heritage Global
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Heritage Global during the third quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new position in shares of Heritage Global during the 4th quarter valued at $28,000. Two Sigma Securities LLC purchased a new position in shares of Heritage Global in the 4th quarter worth $28,000. Janus Henderson Group PLC grew its holdings in shares of Heritage Global by 53.2% in the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company's stock worth $49,000 after acquiring an additional 10,068 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Heritage Global by 2.4% in the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company's stock worth $570,000 after acquiring an additional 7,842 shares during the period. Hedge funds and other institutional investors own 33.46% of the company's stock.
Heritage Global Company Profile
(
Get Free Report)
Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
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