563,873 Shares in Heritage Global Inc. $HGBL Acquired by Militia Capital Management LLC

Militia Capital Management LLC purchased a new stake in shares of Heritage Global Inc. (NASDAQ:HGBL) during the first quarter, Holdings Channel.com reports. The firm purchased 563,873 shares of the company’s stock, valued at approximately $767,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HGBL. Citadel Advisors LLC increased its stake in shares of Heritage Global by 17.0% in the third quarter. Citadel Advisors LLC now owns 73,465 shares of the company’s stock worth $122,000 after acquiring an additional 10,672 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Heritage Global by 29.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 49,951 shares of the company’s stock valued at $62,000 after purchasing an additional 11,512 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Heritage Global in the second quarter valued at approximately $26,000. Virtu Financial LLC acquired a new position in Heritage Global during the third quarter worth $28,000. Finally, Jane Street Group LLC raised its position in shares of Heritage Global by 196.2% during the 4th quarter. Jane Street Group LLC now owns 29,651 shares of the company’s stock worth $37,000 after purchasing an additional 19,642 shares during the last quarter. Hedge funds and other institutional investors own 33.46% of the company’s stock.

Insider Buying and Selling at Heritage Global

In related news, insider Nicholas Kirk Dove acquired 26,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $1.22 per share, with a total value of $31,720.00. Following the transaction, the insider owned 126,000 shares of the company’s stock, valued at approximately $153,720. This trade represents a 26.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Heritage Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Heritage Global Stock Down 0.8%

Shares of NASDAQ HGBL opened at $1.20 on Friday. The company has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $1.30. The company has a market capitalization of $41.69 million, a P/E ratio of 12.00 and a beta of 0.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.95 and a quick ratio of 1.51. Heritage Global Inc. has a 1 year low of $1.13 and a 1 year high of $2.20.

Heritage Global (NASDAQ:HGBL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Heritage Global had a net margin of 6.45% and a return on equity of 4.86%. The company had revenue of $12.73 million during the quarter, compared to analysts’ expectations of $13.49 million.

Heritage Global Company Profile

Heritage Global Inc operates as a global advisory and disposition firm specializing in the valuation, sale and auction of surplus and idle assets. Through its subsidiaries, Heritage Global Partners and Heritage Global Digital, the company delivers comprehensive end-to-end solutions, including asset appraisals, advisory services and multi-channel auction platforms. Its service offerings encompass industrial machinery and equipment, real estate, storage lockers and specialty assets, all designed to maximize recovery values for clients.

The company leverages both online and live in-person events to facilitate timely and transparent sales across diverse asset classes.