Maxim Group Keeps Their Buy Rating on Heritage Global (HGBL)

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on Heritage Global (HGBLResearch Report), with a price target of $4.00. The company’s shares closed yesterday at $1.77.

According to TipRanks, Diana is a 5-star analyst with an average return of 12.8% and a 47.84% success rate. Diana covers the Financial sector, focusing on stocks such as Ellington Financial, Heritage Global, and AGNC Investment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Heritage Global with a $4.00 average price target.

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HGBL market cap is currently $64.92M and has a P/E ratio of 14.06.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HGBL in relation to earlier this year. Last month, SHIMER SAMUEL L, a Director at HGBL bought 67,500.00 shares for a total of $30,575.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Heritage Global Inc is a diversified financial services company. The firm provides acquisition, disposition, valuation, and lending services for surplus and distressed assets. It specializes in acting as an adviser, as well as acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, accounts receivable portfolios, and intellectual property.

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