Militia Capital Management LLC Invests $767,000 in Heritage Global Inc. $HGBL

Militia Capital Management LLC purchased a new stake in shares of Heritage Global Inc. (NASDAQ:HGBL) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 563,873 shares of the company’s stock, valued at approximately $767,000. Militia Capital Management LLC owned 1.62% of Heritage Global at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Rothschild Wealth LLC purchased a new stake in Heritage Global in the fourth quarter worth about $447,000. Evernest Financial Advisors LLC bought a new stake in shares of Heritage Global in the 1st quarter worth approximately $274,000. Mink Brook Asset Management LLC boosted its position in shares of Heritage Global by 7.8% in the 4th quarter. Mink Brook Asset Management LLC now owns 2,028,844 shares of the company’s stock worth $2,516,000 after purchasing an additional 146,622 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Heritage Global in the 3rd quarter worth approximately $71,000. Finally, XTX Topco Ltd bought a new position in Heritage Global during the 4th quarter valued at approximately $31,000. Institutional investors own 33.46% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Heritage Global news, insider Nicholas Kirk Dove bought 26,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $1.22 per share, with a total value of $31,720.00. Following the transaction, the insider 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 filing with the SEC, which is accessible through this link. Insiders own 15.60% of the company’s stock.

Heritage Global Price Performance

Shares of NASDAQ HGBL opened at $1.16 on Monday. Heritage Global Inc. has a twelve month low of $1.13 and a twelve month high of $2.20. The firm has a market cap of $40.29 million, a P/E ratio of 11.60 and a beta of 0.43. The company has a 50 day moving average of $1.24 and a 200 day moving average of $1.30. The company has a quick ratio of 1.51, a current ratio of 1.95 and a debt-to-equity ratio of 0.06.

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

Heritage Global Company Profile

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.