Heritage Global Inc. (NASDAQ:HGBL - Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 19,500 shares, a growth of 91.2% from the September 15th total of 10,200 shares. Based on an average daily trading volume, of 89,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's stock are short sold.
Heritage Global Stock Up 0.6 %
Shares of Heritage Global stock traded up $0.01 on Friday, hitting $1.65. 15,539 shares of the company traded hands, compared to its average volume of 77,714. Heritage Global has a 12-month low of $1.52 and a 12-month high of $3.53. The company has a quick ratio of 1.76, a current ratio of 1.99 and a debt-to-equity ratio of 0.07. The company has a market cap of $61.61 million, a PE ratio of 5.50 and a beta of 1.19. The company has a 50-day moving average price of $1.77 and a 200 day moving average price of $2.20.
Heritage Global (NASDAQ:HGBL - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. Heritage Global had a return on equity of 19.14% and a net margin of 20.29%. The firm had revenue of $12.02 million for the quarter.
Hedge Funds Weigh In On Heritage Global
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. bought a new stake in Heritage Global in the third quarter worth approximately $1,801,000. Ancora Advisors LLC raised its holdings in Heritage Global by 34.6% during the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company's stock valued at $1,247,000 after buying an additional 121,483 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Heritage Global by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company's stock worth $1,107,000 after buying an additional 47,375 shares during the last quarter. Herr Investment Group LLC lifted its position in shares of Heritage Global by 10.7% in the first quarter. Herr Investment Group LLC now owns 432,900 shares of the company's stock worth $1,143,000 after buying an additional 42,000 shares during the last quarter. Finally, Connective Capital Management LLC acquired a new position in shares of Heritage Global during the 1st quarter valued at about $538,000. 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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