Heritage Global Inc. (NASDAQ:HGBL – Get Free Report)’s stock price fell 5% on Thursday . The stock traded as low as $2.08 and last traded at $2.10. 78,683 shares traded hands during trading, an increase of 30% from the average session volume of 60,657 shares. The stock had previously closed at $2.21.
Heritage Global Stock Performance
The stock has a market cap of $78.42 million, a price-to-earnings ratio of 7.50 and a beta of 1.17. The company has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $1.83.
Institutional Trading of Heritage Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Heritage Global by 2.4% in the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after buying an additional 7,842 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Heritage Global by 53.2% during the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after acquiring an additional 10,068 shares during the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of Heritage Global during the 4th quarter worth approximately $3,454,000. NewEdge Advisors LLC bought a new stake in Heritage Global in the 4th quarter valued at $28,000. Finally, Two Sigma Securities LLC acquired a new stake in Heritage Global during the 4th quarter valued at $28,000. 33.46% of the stock is owned by institutional investors.
About Heritage Global
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.
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