On November 21, 2024, David Ludwig, President of a subsidiary of Heritage Global Inc (HGBL, Financial), sold 10,000 shares of the company. Following this transaction, the insider now owns 1,017,479 shares of the company. The details of this transaction can be found in the SEC Filing.
Heritage Global Inc is a company that operates in the financial services sector, providing asset-based financial solutions. The company specializes in the acquisition and disposition of distressed and surplus assets, offering a range of services including auctions, valuations, and advisory services.
Over the past year, David Ludwig has sold a total of 20,000 shares and has not purchased any shares. The insider transaction history for Heritage Global Inc indicates that there have been two insider buys and two insider sells over the same timeframe.
As of the date of the recent transaction, shares of Heritage Global Inc were trading at $1.63, giving the stock a market cap of $62.451 million. The company's price-earnings ratio stands at 6.14, which is lower than the industry median of 19.01 and also lower than the company’s historical median price-earnings ratio.
With a trading price of $1.63 and a GF Value of $2.56, Heritage Global Inc has a price-to-GF-Value ratio of 0.64. This suggests that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that the stock has traded at. It also includes a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
