Heritage Global Inc. (NASDAQ:HGBL) Short Interest Update

Heritage Global Inc. (NASDAQ:HGBL) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 16,500 shares, a drop of 15.4% from the September 30th total of 19,500 shares. Based on an average daily trading volume, of 88,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Heritage Global

Large investors have recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. acquired a new position in Heritage Global in the third quarter valued at about $1,801,000. Connective Capital Management LLC acquired a new position in shares of Heritage Global during the first quarter worth $538,000. Ancora Advisors LLC lifted its stake in shares of 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 acquiring an additional 121,483 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after acquiring an additional 47,375 shares in the last quarter. Finally, Herr Investment Group LLC increased its holdings in Heritage Global by 10.7% in the 1st quarter. Herr Investment Group LLC now owns 432,900 shares of the company’s stock worth $1,143,000 after purchasing an additional 42,000 shares in the last quarter. Institutional investors and hedge funds own 33.46% of the company’s stock.

Heritage Global Stock Down 2.3 %

HGBL opened at $1.68 on Thursday. 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 stock’s fifty day simple moving average is $1.68 and its 200 day simple moving average is $2.12. Heritage Global has a 1-year low of $1.52 and a 1-year high of $3.53. The stock has a market cap of $62.73 million, a PE ratio of 5.60 and a beta of 1.19.

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

Heritage Global Company Profile

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.