Heritage Global (NASDAQ:HGBL) Stock Rating Upgraded by Singular Research

Key Points

• Heritage Global's stock was upgraded to a "strong-buy" rating by Singular Research, indicating increased investor confidence.
• The company reported earnings of $0.05 per share for the last quarter, meeting analyst expectations, with revenue significantly exceeding projections at $14.30 million.
• Approximately 33.46% of Heritage Global's stock is held by institutional investors, reflecting a noteworthy interest from hedge funds and investment firms.

Singular Research upgraded shares of Heritage Global (NASDAQ:HGBL - Free Report) to a strong-buy rating in a research note published on Tuesday, September 2nd,Zacks.com reports. Singular Research also issued estimates for Heritage Global's Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.17 EPS, Q1 2026 earnings at $0.04 EPS, Q2 2026 earnings at $0.05 EPS, Q3 2026 earnings at $0.06 EPS, Q4 2026 earnings at $0.05 EPS and FY2026 earnings at $0.20 EPS.

Heritage Global Stock Performance

Shares of HGBL traded up $0.01 on Tuesday, reaching $1.89. 16,988 shares of the stock traded hands, compared to its average volume of 53,993. The firm has a market cap of $65.66 million, a price-to-earnings ratio of 18.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. Heritage Global has a 12 month low of $1.52 and a 12 month high of $2.39. The stock's 50-day moving average price is $2.07 and its 200-day moving average price is $2.10.

Heritage Global (NASDAQ:HGBL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. Heritage Global had a return on equity of 5.47% and a net margin of 7.33%.The business had revenue of $14.30 million for the quarter, compared to analysts' expectations of $12.38 million.

Institutional Trading of Heritage Global

A number of large investors have recently bought and sold shares of the stock. Mink Brook Asset Management LLC bought a new stake in Heritage Global in the fourth quarter valued at $3,454,000. Truffle Hound Capital LLC grew its position in Heritage Global by 41.6% in the second quarter. Truffle Hound Capital LLC now owns 920,157 shares of the company's stock valued at $2,043,000 after acquiring an additional 270,157 shares during the period. Militia Capital Partners LP grew its position in Heritage Global by 6.6% in the first quarter. Militia Capital Partners LP now owns 584,478 shares of the company's stock valued at $1,274,000 after acquiring an additional 36,000 shares during the period. Ancora Advisors LLC grew its holdings in shares of Heritage Global by 1.2% during the first quarter. Ancora Advisors LLC now owns 514,269 shares of the company's stock worth $1,121,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of Heritage Global by 6.9% during the first quarter. Ridgewood Investments LLC now owns 241,165 shares of the company's stock worth $526,000 after purchasing an additional 15,588 shares during the last quarter. 33.46% of the stock is currently owned by institutional investors.

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.