Koshinski Asset Management Inc. bought a new stake in Heritage Global Inc. (NASDAQ:HGBL - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,059,304 shares of the company's stock, valued at approximately $1,801,000. Koshinski Asset Management Inc. owned approximately 2.84% of Heritage Global as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC grew 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 purchasing an additional 121,483 shares during the period. Dimensional Fund Advisors LP grew its holdings in Heritage Global by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company's stock valued at $1,107,000 after purchasing an additional 47,375 shares during the period. Herr Investment Group LLC grew its holdings in Heritage Global by 10.7% during the first quarter. Herr Investment Group LLC now owns 432,900 shares of the company's stock valued at $1,143,000 after purchasing an additional 42,000 shares during the period. Connective Capital Management LLC bought a new position in Heritage Global during the first quarter valued at $538,000. Finally, Ridgewood Investments LLC grew its holdings in Heritage Global by 3.9% during the first quarter. Ridgewood Investments LLC now owns 197,547 shares of the company's stock valued at $522,000 after purchasing an additional 7,500 shares during the period. 33.46% of the stock is owned by institutional investors.
Heritage Global Stock Performance
NASDAQ HGBL traded up $0.02 on Monday, hitting $1.67. 68,725 shares of the stock traded hands, compared to its average volume of 77,669. The business's fifty day moving average is $1.76 and its two-hundred day moving average is $2.19. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.53. The firm has a market capitalization of $62.36 million, a price-to-earnings ratio of 5.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.76 and a current ratio of 1.99.
Heritage Global (NASDAQ:HGBL - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Heritage Global had a return on equity of 19.14% and a net margin of 20.29%. The business had revenue of $12.02 million during the quarter.
Heritage Global Profile
(
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.
Featured Stories
Before you consider Heritage Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heritage Global wasn't on the list.
While Heritage Global currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
