Dimensional Fund Advisors LP Boosts Position in Heritage Global Inc. (NASDAQ:HGBL)

Dimensional Fund Advisors LP boosted its stake in Heritage Global Inc. (NASDAQ:HGBL) by 11.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 449,864 shares of the company’s stock after acquiring an additional 47,375 shares during the period. Dimensional Fund Advisors LP’s holdings in Heritage Global were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ancora Advisors LLC grew its position in Heritage Global by 34.6% in the 1st quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock valued at $1,247,000 after acquiring an additional 121,483 shares in the last quarter. Connective Capital Management LLC acquired a new position in Heritage Global in the 1st quarter valued at about $538,000. Janus Henderson Group PLC acquired a new position in shares of Heritage Global during the first quarter worth about $54,000. Herr Investment Group LLC grew its position in shares of Heritage Global by 10.7% during the first quarter. Herr Investment Group LLC now owns 432,900 shares of the company’s stock worth $1,143,000 after buying an additional 42,000 shares in the last quarter. Finally, Ridgewood Investments LLC grew its position in shares of Heritage Global by 3.9% during the first quarter. Ridgewood Investments LLC now owns 197,547 shares of the company’s stock worth $522,000 after buying an additional 7,500 shares in the last quarter. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Global Stock Performance

Shares of Heritage Global stock opened at $1.65 on Friday. The business has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.76 and a current ratio of 1.99. The company has a market cap of $61.61 million, a PE ratio of 5.50 and a beta of 1.19. Heritage Global Inc. has a one year low of $1.52 and a one year high of $3.53.

Heritage Global (NASDAQ:HGBL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Heritage Global had a return on equity of 19.14% and a net margin of 20.29%. The company had revenue of $12.02 million during the quarter.

Heritage Global Company Profile

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.