Heritage Global (HGBL) Scheduled to Post Earnings on Thursday

Heritage Global (NASDAQ:HGBL – Get Rating) is scheduled to release its Q4 2022 earnings data after the market closes on Thursday, March 9th. Persons interested in registering for the company’s earnings conference call can do so using this link.

Heritage Global Stock Down 0.7 %

Shares of Heritage Global stock traded down $0.02 during trading on Monday, hitting $2.80. 260,678 shares of the stock were exchanged, compared to its average volume of 112,929. The stock has a market cap of $103.40 million, a price-to-earnings ratio of 6.71 and a beta of 1.32. The firm’s 50-day moving average price is $2.59 and its 200 day moving average price is $2.19. Heritage Global has a 12-month low of $1.02 and a 12-month high of $2.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 1.61.

Institutional Investors Weigh In On Heritage Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Heritage Global by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 250,316 shares of the company’s stock valued at $588,000 after acquiring an additional 7,389 shares during the last quarter. Renaissance Technologies LLC lifted its position in Heritage Global by 21.2% in the fourth quarter. Renaissance Technologies LLC now owns 115,917 shares of the company’s stock valued at $272,000 after acquiring an additional 20,246 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Heritage Global by 84.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,880 shares of the company’s stock valued at $112,000 after acquiring an additional 21,877 shares during the last quarter. State Street Corp lifted its position in Heritage Global by 101.4% in the second quarter. State Street Corp now owns 23,870 shares of the company’s stock valued at $36,000 after acquiring an additional 12,019 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Heritage Global in the fourth quarter valued at $45,000. 15.27% of the stock is owned by hedge funds and other institutional investors.

About Heritage Global

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Heritage Global, Inc engages in the provision of corporate and financial asset liquidation transactions, valuations, and advisory services. It also offers financial asset solutions, such as auction and appraisal services, traditional asset disposition sales, and financial solutions for distressed businesses and properties.