Heritage Global (HGBL) to Release Quarterly Earnings on Thursday

Heritage Global (NASDAQ:HGBLGet Rating) is set to announce its earnings results after the market closes on Thursday, May 12th. Investors interested in participating in the company’s conference call can do so using this link.

Heritage Global (NASDAQ:HGBLGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $7.52 million during the quarter. Heritage Global had a return on equity of 9.68% and a net margin of 11.84%. During the same period in the prior year, the firm earned $0.07 EPS.

Heritage Global stock opened at $1.14 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.64. The business’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.55. The firm has a market capitalization of $41.81 million, a PE ratio of 12.67 and a beta of 1.55. Heritage Global has a 52 week low of $1.03 and a 52 week high of $3.18.

In other Heritage Global news, Director Michael Hexner acquired 18,657 shares of the company’s stock in a transaction dated Wednesday, March 30th. The shares were acquired at an average cost of $1.35 per share, for a total transaction of $25,186.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HGBL. UBS Group AG increased its stake in Heritage Global by 488.1% during the third quarter. UBS Group AG now owns 14,715 shares of the company’s stock valued at $29,000 after acquiring an additional 12,213 shares during the period. Millennium Management LLC bought a new position in Heritage Global during the third quarter valued at about $74,000. Citadel Advisors LLC bought a new stake in shares of Heritage Global in the 2nd quarter valued at approximately $100,000. Finally, Renaissance Technologies LLC grew its stake in shares of Heritage Global by 92.1% in the 3rd quarter. Renaissance Technologies LLC now owns 93,617 shares of the company’s stock valued at $183,000 after purchasing an additional 44,888 shares during the period. Hedge funds and other institutional investors own 17.43% of the company’s stock.

Separately, Maxim Group dropped their price objective on Heritage Global from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 18th.

About Heritage Global (Get Rating)

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.

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Earnings History for Heritage Global (NASDAQ:HGBL)

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