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

Heritage Global Inc. (NASDAQ:HGBL - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,300 shares, a decline of 54.0% from the March 31st total of 22,400 shares. Based on an average daily volume of 54,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's shares are short sold.

Institutional Investors Weigh In On Heritage Global

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Heritage Global during the 3rd quarter valued at about $25,000. Geode Capital Management LLC grew its position in Heritage Global by 2.4% during the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company's stock valued at $570,000 after purchasing an additional 7,842 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Heritage Global during the fourth quarter valued at approximately $1,202,000. Renaissance Technologies LLC increased its stake in Heritage Global by 2.8% in the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company's stock valued at $629,000 after buying an additional 9,222 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Heritage Global in the 4th quarter worth approximately $28,000. 33.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital decreased their price target on Heritage Global from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, March 14th.

Heritage Global Stock Down 1.0 %

Shares of Heritage Global stock traded down $0.02 during trading on Thursday, hitting $2.00. The stock had a trading volume of 86,061 shares, compared to its average volume of 70,894. Heritage Global has a 1 year low of $1.52 and a 1 year high of $2.74. The stock has a 50 day simple moving average of $2.10 and a 200 day simple moving average of $1.94. The company has a market capitalization of $70.90 million, a PE ratio of 7.14 and a beta of 1.23.

Heritage Global (NASDAQ:HGBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $10.77 million for the quarter, compared to analysts' expectations of $12.30 million. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.

About Heritage Global

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.