On December 3, 2024, David Ludwig, President of a subsidiary of Heritage Global Inc (HGBL, Financial), sold 10,000 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 1,007,479 shares of the company.
Heritage Global Inc is a diversified financial services company providing asset-based financial solutions. The company operates through its subsidiaries, offering services such as asset liquidation, valuations, and advisory services to a wide range of industries.
Over the past year, David Ludwig has sold a total of 30,000 shares and has not purchased any shares. The insider transaction history for Heritage Global Inc indicates there have been two insider buys and three insider sells over the same period.
On the day of the recent sale, shares of Heritage Global Inc were trading at $1.77, giving the stock a market cap of $64.692 million. The company's price-earnings ratio is 6.36, which is lower than the industry median of 18.5 and also lower than the company’s historical median price-earnings ratio.
With a trading price of $1.77 and a GF Value of $2.55, Heritage Global Inc has a price-to-GF-Value ratio of 0.69. This suggests the stock is a "Possible Value Trap, Think Twice" based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and 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.
