Short Interest in Heritage Global Inc. (NASDAQ:HGBL) Declines By 15.4%

Heritage Global Inc. (NASDAQ:HGBLGet Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 16,500 shares, a decline of 15.4% from the September 30th total of 19,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 88,800 shares, the days-to-cover ratio is currently 0.2 days.

Heritage Global Stock Down 2.3 %

HGBL stock opened at $1.68 on Thursday. The stock has a market capitalization of $62.73 million, a P/E ratio of 5.60 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.76 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $1.68 and a 200-day moving average price of $2.12. Heritage Global has a 12 month low of $1.52 and a 12 month high of $3.53.

Heritage Global (NASDAQ:HGBLGet Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $12.02 million for the quarter. Heritage Global had a net margin of 20.29% and a return on equity of 19.14%.

Institutional Investors Weigh In On Heritage Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. bought a new position in Heritage Global in the third quarter valued at about $1,801,000. Dimensional Fund Advisors LP increased its stake 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 valued at $1,107,000 after buying an additional 47,375 shares during the period. Ancora Advisors LLC raised its holdings in Heritage Global by 34.6% in the 1st 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 during the last quarter. Connective Capital Management LLC bought a new position in Heritage Global in the 1st quarter valued at approximately $538,000. Finally, Janus Henderson Group PLC acquired a new stake in Heritage Global during the 1st quarter worth approximately $54,000. 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.

Recommended Stories

Receive News & Ratings for Heritage Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Global and related companies with MarketBeat.com's FREE daily email newsletter.