Topline Capital Partners, Lp Sells 19,283 Shares of Heritage Global Inc. (NASDAQ:HGBL) Stock

Posted by Defense World Staff on Apr 1st, 2023

Heritage Global Inc. (NASDAQ:HGBL – Get Rating) major shareholder Topline Capital Partners, Lp sold 19,283 shares of Heritage Global stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $2.86, for a total value of $55,149.38. Following the sale, the insider now owns 3,926,729 shares in the company, valued at $11,230,444.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

On Wednesday, March 15th, Topline Capital Partners, Lp sold 81,795 shares of Heritage Global stock. The stock was sold at an average price of $2.90, for a total value of $237,205.50.

Heritage Global Stock Performance

NASDAQ HGBL opened at $2.87 on Friday. The stock has a market capitalization of $105.99 million, a price-to-earnings ratio of 6.83 and a beta of 1.32. Heritage Global Inc. has a one year low of $1.02 and a one year high of $3.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.47 and a quick ratio of 1.61. The business’s fifty day moving average is $2.64 and its 200-day moving average is $2.29.

Heritage Global (NASDAQ:HGBL – Get Rating) last released its earnings results on Thursday, March 9th. The company reported $0.27 EPS for the quarter. Heritage Global had a return on equity of 39.75% and a net margin of 33.02%. The company had revenue of $13.83 million for the quarter.

Institutional Investors Weigh In On Heritage Global

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Heritage Global in the 4th quarter worth about $26,000. State Street Corp increased its holdings in Heritage Global by 101.4% in the 2nd quarter. State Street Corp now owns 23,870 shares of the company’s stock worth $36,000 after acquiring an additional 12,019 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Heritage Global in the 4th quarter worth about $45,000. Bailard Inc. purchased a new stake in Heritage Global in the 3rd quarter worth about $51,000. Finally, Dimensional Fund Advisors LP increased its holdings in Heritage Global by 84.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 47,880 shares of the company’s stock worth $112,000 after acquiring an additional 21,877 shares during the last quarter. Hedge funds and other institutional investors own 15.27% of the company’s stock.

About Heritage Global

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Heritage Global, Inc engages in the provision of corporate and financial asset liquidation transactions, valuations, and advisory services. It also offers financial asset solutions, such as auction and appraisal services, traditional asset disposition sales, and financial solutions for distressed businesses and properties.