Heritage Global (HGBL) Stock Price, News & Analysis

Company Overview

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. The company focuses on identifying, valuing, acquiring, and monetizing underlying tangible assets. It acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.

Key Stats

• Today's Range: $1.75 to $1.81
• 50-Day Range: $1.58 to $1.76
• 52-Week Range: $1.52 to $3.09
• Volume: 31,934 shs
• Average Volume: 74,485 shs
• Market Capitalization: $66.47 million
• P/E Ratio: 6.36
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Heritage Global Stock Analysis - MarketRank™

Heritage Global scored higher than 51% of companies evaluated by MarketBeat, and ranked 628th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Heritage Global.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Global is 6.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Global is 6.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Book Value per Share Ratio

Heritage Global has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.02% of the float of Heritage Global has been sold short.

Short Interest Ratio / Days to Cover

Heritage Global has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Global has recently decreased by 31.43%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Heritage Global does not currently pay a dividend.

Dividend Growth

Heritage Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.02% of the float of Heritage Global has been sold short.

Short Interest Ratio / Days to Cover

Heritage Global has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Heritage Global has recently decreased by 31.43%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.13

News Sentiment

Heritage Global has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Heritage Global this week, compared to 1 article on an average week.

Search Interest

2 people have searched for HGBL on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Heritage Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $32,400.00 in company stock.

Percentage Held by Insiders

12.80% of the stock of Heritage Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 33.46% of the stock of Heritage Global is held by institutions.

HGBL Stock Analysis - Frequently Asked Questions

How have HGBL shares performed this year?

Heritage Global's stock was trading at $2.78 on January 1st, 2024. Since then, HGBL shares have decreased by 36.3% and is now trading at $1.77.
View the best growth stocks for 2024 here.

How were Heritage Global's earnings last quarter?

Heritage Global Inc. (NASDAQ:HGBL) posted its quarterly earnings results on Thursday, August, 8th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $12.02 million for the quarter. Heritage Global had a trailing twelve-month return on equity of 16.05% and a net margin of 20.60%.

Who are Heritage Global's major shareholders?

Heritage Global's top institutional investors include Koshinski Asset Management Inc. (2.84%), Wynnefield Capital Inc. (1.07%), Geode Capital Management LLC (0.90%) and Janus Henderson Group PLC (0.08%). Insiders that own company stock include Topline Capital Management, Ll, Topline Capital Partners, Lp, Ross Dove, David Van Ludwig, Samuel L Shimer, Michael Hexner, Nicholas Kirk Dove and Barbara A Sinsley.
View institutional ownership trends.

How do I buy shares of Heritage Global?

Shares of HGBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Heritage Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Global investors own include Bristol-Myers Squibb (BMY), Comcast (CMCSA), Chevron (CVX), McKesson (MCK), Yum! Brands (YUM), Charles Schwab (SCHW) and Edwards Lifesciences (EW).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:HGBL
• CUSIP: N/A
• CIK: 849145
• Web: www.heritageglobalinc.com
• Phone: (858) 847-0659
• Fax: 416-866-3061
• Employees: 82
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.28
• Trailing P/E Ratio: 6.36
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $12.48 million
• Net Margins: 20.60%
• Pretax Margin: 23.77%
• Return on Equity: 16.05%
• Return on Assets: 11.90%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.78
• Quick Ratio: 1.56

Sales & Book Value

• Annual Sales: $60.54 million
• Price / Sales: 1.10
• Cash Flow: $0.36 per share
• Price / Cash Flow: 4.90
• Book Value: $1.64 per share
• Price / Book: 1.09

Miscellaneous

• Outstanding Shares: 37,340,000
• Free Float: 32,561,000
• Market Cap: $66.47 million
• Optionable: Not Optionable
• Beta: 1.19