According to Zacks, “Heritage Global Inc. is a diversified financial services company. It provides acquisition, disposition, valuation and lending services for surplus and distressed assets. Heritage Global Inc., formerly known as Counsel RB Capital Inc., is based in San Diego, California. “
Separately, Colliers Securities reiterated a buy rating on shares of Heritage Global in a report on Thursday, July 1st.
Heritage Global (NASDAQ:HGBL) last posted its quarterly earnings results on Thursday, May 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Heritage Global had a net margin of 36.59% and a return on equity of 30.07%. The company had revenue of $7.10 million for the quarter. On average, equities research analysts anticipate that Heritage Global will post 0.22 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in HGBL. Ridgewood Investments LLC boosted its position in shares of Heritage Global by 4.0% during the 1st quarter. Ridgewood Investments LLC now owns 130,000 shares of the company’s stock worth $371,000 after purchasing an additional 5,000 shares during the period. Renaissance Technologies LLC purchased a new position in Heritage Global in the 1st quarter valued at approximately $78,000. Virtu Financial LLC purchased a new position in Heritage Global in the 1st quarter valued at approximately $82,000. Northern Trust Corp purchased a new position in Heritage Global in the 4th quarter valued at approximately $122,000. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Heritage Global by 4.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,244,185 shares of the company’s stock worth $6,396,000 after purchasing an additional 85,555 shares during the last quarter. Institutional investors and hedge funds own 15.44% of the company’s stock.
Heritage Global Company Profile
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.
See Also: Understanding Options Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heritage Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Global and related companies with MarketBeat.com's FREE daily email newsletter.