Truffle Hound Capital LLC bought a new position in Heritage Global Inc. (NASDAQ:HGBL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 650,000 shares of the company's stock, valued at approximately $1,202,000. Truffle Hound Capital LLC owned 1.74% of Heritage Global as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company's stock worth $570,000 after purchasing an additional 7,842 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Heritage Global in the third quarter worth about $25,000. Finally, Janus Henderson Group PLC lifted its position 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 buying an additional 10,068 shares in the last quarter. Hedge funds and other institutional investors own 33.46% of the company's stock.
Heritage Global Price Performance
NASDAQ:HGBL remained flat at $2.28 during mid-day trading on Wednesday. 42,266 shares of the company traded hands, compared to its average volume of 74,158. Heritage Global Inc. has a one year low of $1.52 and a one year high of $2.78. The stock has a market cap of $80.93 million, a PE ratio of 8.14 and a beta of 1.22. The stock has a 50 day moving average price of $2.15 and a 200 day moving average price of $1.86.
Heritage Global (NASDAQ:HGBL - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). The business had revenue of $10.77 million during the quarter, compared to analysts' expectations of $12.30 million. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital dropped their price objective on shares of Heritage Global from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, March 14th.
Check Out Our Latest Analysis on HGBL
About Heritage Global
(
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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