Truffle Hound Capital LLC bought a new stake in Heritage Global Inc. (NASDAQ:HGBL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.
Several other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its stake in Heritage Global by 2.4% during the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company's stock worth $570,000 after buying an additional 7,842 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Heritage Global by 53.2% in the 3rd 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 last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Heritage Global during the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds own 33.46% of the company's stock.
Wall Street Analyst Weigh In
Separately, Lake Street Capital cut their target price on Heritage Global from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Friday, March 14th.
Check Out Our Latest Stock Analysis on Heritage Global
Heritage Global Stock Performance
HGBL remained flat at $2.30 during mid-day trading on Tuesday. The company had a trading volume of 9,050 shares, compared to its average volume of 74,751. The firm's fifty day moving average price is $2.14 and its two-hundred day moving average price is $1.86. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $2.84. The company has a market cap of $81.64 million, a P/E ratio of 8.21 and a beta of 1.22.
Heritage Global (NASDAQ:HGBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The business had revenue of $10.77 million during the quarter, compared to analysts' expectations of $12.30 million.
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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