Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, dispositions, valuations, and secured lending services. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and business enterprises. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California.
Heritage Global Price Performance
Shares of HGBL Stock traded down $0.02 during mid-day trading on Friday, reaching $1.75. The company's stock had a trading volume of 38,628 shares, compared to its average volume of 46,986. Heritage Global has a 1-year low of $1.02 and a 1-year high of $2.29. The company has a market cap of $64.45 million, a P/E ratio of 13.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.38 and a current ratio of 1.73. The firm's 50-day moving average is $1.55 and its two-hundred day moving average is $1.41.
Heritage Global (NASDAQ:HGBL - Get Rating) last posted its earnings results on Thursday, May 12th. The company reported $0.02 earnings per share for the quarter. Heritage Global had a net margin of 13.72% and a return on equity of 13.95%. The business had revenue of $9.36 million for the quarter.
Insider Transactions at Heritage Global
In other news, CEO Ross Dove bought 20,172 shares of the stock in a transaction dated Monday, May 16th. The shares were acquired at an average price of $1.24 per share, with a total value of $25,013.28. Following the acquisition, the chief executive officer now owns 2,171,309 shares in the company, valued at $2,692,423.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have bought 60,653 shares of company stock valued at $73,800. 11.00% of the stock is owned by insiders.