Should I buy or sell Heritage Global stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Global in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HGBL shares. View HGBL analyst ratings or view top-rated stocks .

What is Heritage Global's stock price target for 2024?

2 equities research analysts have issued twelve-month target prices for Heritage Global's shares. Their HGBL share price targets range from $4.50 to $6.00. On average, they predict the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 106.7% from the stock's current price. View analysts price targets for HGBL or view top-rated stocks among Wall Street analysts .

How have HGBL shares performed in 2024?

Heritage Global's stock was trading at $2.78 on January 1st, 2024. Since then, HGBL shares have decreased by 8.6% and is now trading at $2.54. View the best growth stocks for 2024 here .

Are investors shorting Heritage Global?

Heritage Global saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 60,600 shares, an increase of 8.4% from the March 15th total of 55,900 shares. Based on an average trading volume of 73,800 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold. View Heritage Global's Short Interest .

When is Heritage Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our HGBL earnings forecast .

How were Heritage Global's earnings last quarter?

Heritage Global Inc. (NASDAQ:HGBL) released its quarterly earnings results on Thursday, March, 14th. The company reported $0.13 earnings per share for the quarter. The company earned $15.28 million during the quarter. Heritage Global had a trailing twelve-month return on equity of 23.50% and a net margin of 20.60%.

What other stocks do shareholders of Heritage Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Global investors own include Marinus Pharmaceuticals (MRNS) , Fortescue (FSUGY) , Centogene (CNTG) and Champion Iron (CHPRF) .

Who are Heritage Global's major shareholders?

Heritage Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Ridgewood Investments LLC (0.53%). Insiders that own company stock include Allan C Silber, Allan C Silber , Barbara A Sinsley , Brian J Cobb , David Van Ludwig, Michael Hexner , Nicholas Kirk Dove, Ross Dove , Samuel L Shimer , Topline Capital Management, Ll and Topline Capital Partners, Lp. View institutional ownership trends .

How do I buy shares of Heritage Global?

Shares of HGBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:HGBL

Heritage Global (HGBL) Stock Price, News & Analysis

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$2.54

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.49
▼
$2.57
50-Day Range: $2.54
▼
$3.03
52-Week Range: $2.33
▼
$4.08

Volume: 140,693 shs
Average Volume: 74,387 shs
Market Capitalization: $94.84 million

P/E Ratio: 7.70
Dividend Yield: N/A
Price Target: $5.25

Get Heritage Global alerts:

Heritage Global MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 106.7% Upside
$5.25 Price Target
Short Interest: Healthy
0.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$34,467 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.80 out of 5 stars

Finance Sector

538th out of 822 stocks

Business Services, Not Elsewhere Classified Industry

53rd out of 83 stocks

3.5

Analyst's Opinion

Consensus Rating
Heritage Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Heritage Global has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.20% of the float of Heritage Global has been sold short.
Short Interest Ratio / Days to Cover
Heritage Global has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Global has recently increased by 8.41%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Heritage Global does not currently pay a dividend.
Dividend Growth
Heritage Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HGBL.

2.0

News and Social Media Coverage

News Sentiment
Heritage Global has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Heritage Global this week, compared to 1 article on an average week.
Search Interest
Only 10 people have searched for HGBL on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Global insiders have bought more of their company's stock than they have sold. Specifically, they have bought $34,467.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.00% of the stock of Heritage Global is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.46% of the stock of Heritage Global is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Global is 7.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Global is 7.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.
Price to Book Value per Share Ratio
Heritage Global has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Heritage Global Stock (NASDAQ:HGBL)

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. The company focuses on identifying, valuing, acquiring, and monetizing underlying tangible assets. It acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. 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 founded in 1937 and is headquartered in San Diego, California.

HGBL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HGBL Stock News Headlines

March 21, 2024 | insidertrades.com

Insider Buying: Heritage Global Inc. (NASDAQ:HGBL) CEO Purchases 7,297 Shares of Stock

March 20, 2024 | insidertrades.com

Insider Buying: Heritage Global Inc. (NASDAQ:HGBL) Insider Acquires 5,000 Shares of Stock

April 18, 2024 | WealthPress (Ad)

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April 12, 2024 | americanbankingnews.com

Reviewing Viper Networks (OTCMKTS:VPER) and Heritage Global (NASDAQ:HGBL)

March 17, 2024 | markets.businessinsider.com

Heritage Global (HGBL) Earns Buy Rating on Strong Financial Performance and Positive 2024 Outlook

March 16, 2024 | seekingalpha.com

Heritage Global Inc. (HGBL) Q4 2023 Earnings Call Transcript

March 15, 2024 | finance.yahoo.com

Heritage Global Inc. (NASDAQ:HGBL) Q4 2023 Earnings Call Transcript

March 14, 2024 | benzinga.com

Recap: Heritage Glb Q4 Earnings

April 18, 2024 | WealthPress (Ad)

Chances are you know the firms on this list

March 14, 2024 | businesswire.com

Heritage Global Inc. Reports Full Year 2023 Operating Income of $14.3 Million; Achieves $4.6 Million in Operating Income for Fourth Quarter 2023

March 14, 2024 | markets.businessinsider.com

Here's what to expect from Heritage Global's earnings report

March 13, 2024 | benzinga.com

Preview: Heritage Glb's Earnings

March 13, 2024 | seekingalpha.com

Heritage Insurance stock slides 4% after JMP downgrades to Market Perform

March 10, 2024 | seekingalpha.com

Heritage Has To Work Through Its Loan Problem, But Q4 Will Be Record

February 19, 2024 | investorplace.com

7 Penny Stocks to Buy Before They Pop 7,000%

February 14, 2024 | finance.yahoo.com

Heritage Global to Announce Fourth Quarter and Year-End 2023 Results and Host Webcast on Thursday, March 14, 2024

February 14, 2024 | businesswire.com

Heritage Global to Announce Fourth Quarter and Year-End 2023 Results and Host Webcast on Thursday, March 14, 2024

February 14, 2024 | uk.finance.yahoo.com

Heritage Global Inc. (HGBL)

January 29, 2024 | finance.yahoo.com

Does Heritage Global (NASDAQ:HGBL) Deserve A Spot On Your Watchlist?

January 23, 2024 | finance.yahoo.com

Heritage Global, Inc. to Present at The Microcap Conference on Wednesday, January 31 and Thursday, February 1, 2024

January 20, 2024 | benzinga.com

Heritage Glb Stock (NASDAQ:HGBL) Dividends: History, Yield and Dates

January 18, 2024 | seekingalpha.com

Heritage Insurance: An Unjustified Premium

January 16, 2024 | finance.yahoo.com

Heritage Global, Inc. to Present at the Sequire Investor Summit in Puerto Rico

January 2, 2024 | finance.yahoo.com

Investors in Heritage Global (NASDAQ:HGBL) have seen fantastic returns of 480% over the past five years

December 3, 2023 | finance.yahoo.com

Retail investors account for 46% of Heritage Global Inc.'s (NASDAQ:HGBL) ownership, while institutions account for 27%

November 12, 2023 | finance.yahoo.com

Heritage Global Inc. (NASDAQ:HGBL) Q3 2023 Earnings Call Transcript

November 12, 2023 | au.investing.com

Earnings call: Heritage Global Inc. shows confidence amid loan extension and anticipates growth

See More Headlines

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:HGBL
CUSIP: N/A
CIK: 849145
Web: www.heritageglobalinc.com
Phone: (858) 847-0659
Fax: 416-866-3061
Employees: 82
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.25
High Stock Price Target: $6.00
Low Stock Price Target: $4.50
Potential Upside/Downside: +106.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.33
Trailing P/E Ratio: 7.70
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $12.48 million
Net Margins: 20.60%
Pretax Margin: 23.11%
Return on Equity: 23.50%
Return on Assets: 16.22%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 1.78
Quick Ratio: 1.44

Sales & Book Value

Annual Sales: $60.54 million
Price / Sales: 1.57
Cash Flow: $0.35 per share
Price / Cash Flow: 7.24
Book Value: $1.64 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 37,340,000
Free Float: 32,856,000
Market Cap: $94.84 million
Optionable: Not Optionable
Beta: 1.29

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Key Executives

Mr. Ross M. Dove (Age 71)
President, CEO & Director
Comp: $860.2k
Mr. David Van Ludwig (Age 66)
President of Financial Assets Division & Director
Comp: $1.11M
Mr. Nicholas Kirk Dove (Age 34)
President of Industrial Assets Division
Comp: $1.11M
Mr. Brian J. Cobb (Age 39)
Chief Financial Officer
Mr. James Edward Sklar (Age 58)
Executive VP, General Counsel & Corporate Secretary
Ms. Raspina Jannesar
Chief Marketing Officer
Mr. Kirk Dove ASA (Age 68)
Founding Partner & Senior Advisor
Comp: $406k
Ms. Gina Griffin
Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HGBL Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Global stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Global in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HGBL shares.
View HGBL analyst ratings or view top-rated stocks.
What is Heritage Global's stock price target for 2024?: 2 equities research analysts have issued twelve-month target prices for Heritage Global's shares. Their HGBL share price targets range from $4.50 to $6.00. On average, they predict the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 106.7% from the stock's current price.
View analysts price targets for HGBL or view top-rated stocks among Wall Street analysts.
How have HGBL shares performed in 2024?: Heritage Global's stock was trading at $2.78 on January 1st, 2024. Since then, HGBL shares have decreased by 8.6% and is now trading at $2.54.
View the best growth stocks for 2024 here.
Are investors shorting Heritage Global?: Heritage Global saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 60,600 shares, an increase of 8.4% from the March 15th total of 55,900 shares. Based on an average trading volume of 73,800 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.
View Heritage Global's Short Interest.
When is Heritage Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our HGBL earnings forecast.

How were Heritage Global's earnings last quarter?: Heritage Global Inc. (NASDAQ:HGBL) released its quarterly earnings results on Thursday, March, 14th. The company reported $0.13 earnings per share for the quarter. The company earned $15.28 million during the quarter. Heritage Global had a trailing twelve-month return on equity of 23.50% and a net margin of 20.60%.
What other stocks do shareholders of Heritage Global own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Global investors own include Marinus Pharmaceuticals (MRNS), Fortescue (FSUGY), Centogene (CNTG) and Champion Iron (CHPRF).
Who are Heritage Global's major shareholders?: Heritage Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Ridgewood Investments LLC (0.53%). Insiders that own company stock include Allan C Silber, Allan C Silber, Barbara A Sinsley, Brian J Cobb, David Van Ludwig, Michael Hexner, Nicholas Kirk Dove, Ross Dove, Samuel L Shimer, Topline Capital Management, Ll and Topline Capital Partners, Lp.
View institutional ownership trends.
How do I buy shares of Heritage Global?: Shares of HGBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HGBL) was last updated on 4/18/2024 by MarketBeat.com Staff

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