Militia Capital Management LLC Acquires New Position in Heritage Global Inc. $HGBL

Militia Capital Management LLC purchased a new stake in Heritage Global Inc. (NASDAQ:HGBL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 563,873 shares of the company’s stock, valued at approximately $767,000. Militia Capital Management LLC owned 1.62% of Heritage Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC bought a new position in shares of Heritage Global during the second quarter valued at approximately $26,000. Virtu Financial LLC purchased a new stake in Heritage Global during the third quarter worth $28,000. XTX Topco Ltd bought a new stake in Heritage Global during the 4th quarter valued at $31,000. Jane Street Group LLC increased its holdings in shares of Heritage Global by 196.2% in the 4th quarter. Jane Street Group LLC now owns 29,651 shares of the company’s stock valued at $37,000 after acquiring an additional 19,642 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Heritage Global by 29.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 49,951 shares of the company’s stock valued at $62,000 after acquiring an additional 11,512 shares during the period. 33.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Heritage Global

In other Heritage Global news, insider Nicholas Kirk Dove bought 26,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $1.22 per share, for a total transaction of $31,720.00. Following the purchase, the insider directly owned 126,000 shares in the company, valued at $153,720. This represents a 26.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Heritage Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Heritage Global Trading Down 0.8%

NASDAQ:HGBL opened at $1.20 on Friday. The stock has a market capitalization of $41.69 million, a price-to-earnings ratio of 12.00 and a beta of 0.43. Heritage Global Inc. has a 52 week low of $1.13 and a 52 week high of $2.20. The company has a quick ratio of 1.51, a current ratio of 1.95 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $1.24 and a 200 day moving average of $1.30.

Heritage Global (NASDAQ:HGBL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $12.73 million during the quarter, compared to analysts’ expectations of $13.49 million. Heritage Global had a return on equity of 4.86% and a net margin of 6.45%.

About Heritage Global

Heritage Global Inc operates as a global advisory and disposition firm specializing in the valuation, sale and auction of surplus and idle assets. Through its subsidiaries, Heritage Global Partners and Heritage Global Digital, the company delivers comprehensive end-to-end solutions, including asset appraisals, advisory services and multi-channel auction platforms. Its service offerings encompass industrial machinery and equipment, real estate, storage lockers and specialty assets, all designed to maximize recovery values for clients.

The company leverages both online and live in-person events to facilitate timely and transparent sales across diverse asset classes.