Heritage Global Stock Today
| HGBL Stock | USD 1.71 0.09 5.56% |
Performance0 of 100
| Odds Of DistressLess than 3
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Heritage Global is selling for 1.71 as of the 25th of November 2024. This is a 5.56 percent increase since the beginning of the trading day. The stock's lowest day price was 1.6. Heritage Global has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Heritage Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 23rd of March 1993 | Classification Financials |
Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California. Heritage Global operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. The company has 36.34 M outstanding shares of which 10.5 K shares are currently shorted by private and institutional investors with about 0.22 trading days to cover. More on Heritage Global
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Heritage Stock Highlights
| CEO and Director | Ross Dove | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsHeritage Global can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Heritage Global's financial leverage. It provides some insight into what part of Heritage Global's total assets is financed by creditors.
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Heritage Global (HGBL) is traded on NASDAQ Exchange in USA. It is located in 12625 High Bluff Drive, San Diego, CA, United States, 92130 and employs 82 people. Heritage Global is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 58.88 M. Heritage Global conducts business under Capital Markets sector and is part of Financials industry. The entity has 36.34 M outstanding shares of which 10.5 K shares are currently shorted by private and institutional investors with about 0.22 trading days to cover.
Heritage Global currently holds about 16.08 M in cash with 13.02 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44.
Check Heritage Global Probability Of Bankruptcy
Ownership AllocationHeritage Global has a total of 36.34 Million outstanding shares. 30% of Heritage Global outstanding shares are owned by outside corporations. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Heritage Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Ridgewood Investments Llc | 2024-09-30 | 223.6 K | |
| Connective Capital Management Llc | 2024-06-30 | 207.5 K | |
| Mutual Advisors, Llc | 2024-09-30 | 167.5 K | |
| Blackrock Inc | 2024-06-30 | 136.8 K | |
| Ameriprise Financial Inc | 2024-06-30 | 106.6 K | |
| State Street Corp | 2024-06-30 | 103 K | |
| Citadel Advisors Llc | 2024-09-30 | 96.5 K | |
| First Trust Advisors L.p. | 2024-06-30 | 87.1 K | |
| Man Group Plc | 2024-09-30 | 62.8 K | |
| Punch & Associates Inv Mgmt Inc | 2024-09-30 | 2.5 M | |
| Vanguard Group Inc | 2024-09-30 | 1.9 M |
Heritage Global Historical Income Statement
Heritage Stock Against Markets
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Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Global. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.