Heritage Global Inc. (NASDAQ:HGBL – Get Rating) major shareholder Topline Capital Partners, Lp sold 81,795 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2.90, for a total value of $237,205.50. Following the sale, the insider now owns 4,078,967 shares in the company, valued at approximately $11,829,004.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Heritage Global Trading Down 3.2 %
NASDAQ HGBL opened at $2.71 on Friday. The stock’s 50-day simple moving average is $2.61 and its two-hundred day simple moving average is $2.22. Heritage Global Inc. has a twelve month low of $1.02 and a twelve month high of $3.04. The company has a quick ratio of 1.61, a current ratio of 1.97 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $100.08 million, a price-to-earnings ratio of 6.45 and a beta of 1.32.
Institutional Investors Weigh In On Heritage Global
A number of large investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. grew its stake in shares of Heritage Global by 36.7% during the third quarter. Perritt Capital Management Inc. now owns 413,424 shares of the company’s stock valued at $666,000 after buying an additional 111,036 shares during the last quarter. Geode Capital Management LLC grew its position in Heritage Global by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 250,316 shares of the company’s stock worth $588,000 after acquiring an additional 7,389 shares during the last quarter. Ridgewood Investments LLC grew its position in Heritage Global by 4.5% during the 3rd quarter. Ridgewood Investments LLC now owns 153,000 shares of the company’s stock worth $246,000 after acquiring an additional 6,582 shares during the last quarter. Renaissance Technologies LLC increased its stake in Heritage Global by 21.2% in the 4th quarter. Renaissance Technologies LLC now owns 115,917 shares of the company’s stock worth $272,000 after purchasing an additional 20,246 shares during the period. Finally, 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 purchasing an additional 21,877 shares during the last quarter. Hedge funds and other institutional investors own 15.27% of the company’s stock.
Heritage Global Company Profile
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.
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