On December 5, 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 997,479 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, specializing in asset valuation, advisory, and auction services. The company provides a range of services to financial institutions, corporations, and other organizations, helping them manage and monetize their assets.
The insider transaction history for Heritage Global Inc shows that there have been 2 insider buys and 4 insider sells over the past year. Over the same period, David Ludwig has sold a total of 40,000 shares and has not purchased any shares.
As of the day of the recent sale, shares of Heritage Global Inc were trading at $1.76, giving the stock a market cap of $62.874 million. The company's price-earnings ratio is 6.18, which is lower than the industry median of 18.85 and also lower than the company’s historical median price-earnings ratio.
With a price of $1.76 and a GF Value of $2.54, Heritage Global Inc has a price-to-GF-Value ratio of 0.69. 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. 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.
