Heritage Global Inc. (NASDAQ:HGBL) Short Interest Down 6.6% in July

Heritage Global Inc. (NASDAQ:HGBL) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 26,800 shares, a decrease of 6.6% from the June 30th total of 28,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 67,000 shares, the short-interest ratio is currently 0.4 days.

Heritage Global Price Performance

NASDAQ:HGBL traded up $0.02 during mid-day trading on Wednesday, hitting $2.35. The company’s stock had a trading volume of 10,133 shares, compared to its average volume of 44,630. Heritage Global has a fifty-two week low of $2.12 and a fifty-two week high of $3.81. The company has a current ratio of 2.07, a quick ratio of 1.73 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $87.75 million, a price-to-earnings ratio of 7.83 and a beta of 1.20. The stock has a fifty day moving average of $2.39 and a 200-day moving average of $2.59.

Heritage Global (NASDAQ:HGBL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter. Heritage Global had a net margin of 20.40% and a return on equity of 20.56%. The firm had revenue of $12.16 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. 1492 Capital Management LLC grew its stake in Heritage Global by 173.8% during the fourth quarter. 1492 Capital Management LLC now owns 303,621 shares of the company’s stock worth $844,000 after buying an additional 192,711 shares during the last quarter. Ridgewood Investments LLC grew its stake in Heritage Global by 3.9% during the first quarter. Ridgewood Investments LLC now owns 197,547 shares of the company’s stock worth $522,000 after buying an additional 7,500 shares during the last quarter. Connective Capital Management LLC bought a new stake in Heritage Global during the first quarter worth about $538,000. Janus Henderson Group PLC bought a new stake in Heritage Global during the first quarter worth about $54,000. Finally, Ancora Advisors LLC grew its stake in Heritage Global by 34.6% during the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock worth $1,247,000 after buying an additional 121,483 shares during the last quarter. Institutional investors and hedge funds own 33.46% of the company’s stock.

Heritage Global Company Profile

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.