HGBL
Neutral signalScored 2026-10-01 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Research, not advice.
À propos
Heritage Global Inc.
- Nom
- Heritage Global Inc.
- Secteur
- Financial Services
- Industrie
- Financial - Capital Markets
- Bourse
- NASDAQ
- Capitalisation
- $43.6M
- Employés
- 84
- PDG
- Ross Dove
- Site web
- https://www.hginc.com
- Marché
- ARBKASRVCLSTDMYYFSEAMDBH
Heritage Global Inc., through its various subsidiary companies, operates as a specialized asset services firm, primarily concentrating on transactions involving both financial and industrial assets. The company offers a diverse array of services, including market facilitation, the acquisition and divestiture of assets, professional valuations, and asset-backed lending. Its fundamental approach involves identifying, assessing the worth of, acquiring, and ultimately monetizing a broad spectrum of tangible and intangible assets. Serving both as a strategic consultant and as a direct principal, Heritage Global Inc. actively acquires or brokers deals for a variety of assets such as manufacturing plants, surplus industrial equipment, commercial inventories, portfolios of accounts receivable, intellectual property, and entire business operations. The firm was established in 1983 and its corporate headquarters are located in San Diego, California. It formerly conducted business as Counsel RB Capital Inc. until officially rebranding as Heritage Global Inc. in August 2013.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 300 000 titres (~399 000,00 $ US)
- Insiders
- DOVE ROSS
- Total bought
-
—
Avg buy (VWAP, 90d window) $1.10 vs last close $1.29 (+16.9%)
- Total sold
-
$405,350
Avg sell (VWAP, 90d window) $1.33 vs last close $1.29 (-2.9%)
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$6,350 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-09-25
- Liquidity
- Illiquid $111,986/day · 20d vol
- Last synced
-
2026-10-06 21:10:29
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-01 | Sklar James Edward | Sell · S · 10b5-1 | 2,500 | $1.27 | $3,175 | Form 4 |
| 2026-09-25 | DOVE ROSS | Sell · S | 300,000 | $1.33 | $399,000 | Form 4 |
| 2026-09-01 | Sklar James Edward | Sell · S · 10b5-1 | 2,500 | $1.27 | $3,175 | Form 4 |
| 2026-08-20 | COBB BRIAN J. | Buy · P | 20,000 | $1.10 | $22,000 | Form 4 |
| 2026-08-17 | Dove Nicholas Kirk | Buy · P | 60,000 | $1.10 | $65,940 | Form 4 |
| 2026-08-17 | Hounsell Bruce Kenneth | Buy · P | 10,000 | $1.14 | $11,395 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-10-01 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
HGBL presents a deeply unfavorable risk/reward profile: a weak catalyst score of 15 with no bullish event driver, combined with deteriorating fundamentals (FCF negative, margins contracting sharply) and a collapsing…
The first sentence of the analysis written for HGBL on 2026-10-01 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Supports a bullish reading. Current ratio 2.16 · operating margin 11%
Suggested stop 1.25, nearest stored support minus 0.5 ATR(2.8% under the last close). Reward/risk to the next stored resistance is 3.88. Research, not advice. Not an order.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 27.1% | 31.3% | 35.3% | 22.2% | 42.7% | |
| Ebit Margin | 11.0% | 20.0% | 23.7% | 23.7% | 11.7% | |
| Ebitda Margin | 13.2% | 22.7% | 24.5% | 24.8% | 13.5% | |
| Operating Profit Margin | 11.0% | 20.0% | 23.7% | 23.7% | 11.7% | |
| Pretax Profit Margin | 11.5% | 19.8% | 23.1% | 23.5% | 11.6% | |
| Continuous Operations Profit Margin | 7.0% | 11.4% | 20.6% | 33.0% | 11.8% | |
| Net Profit Margin | 7.0% | 11.4% | 20.6% | 33.0% | 11.8% | |
| Bottom Line Profit Margin | 7.0% | 11.4% | 20.6% | 33.0% | 11.8% | |
| Current Ratio | 2.162 | 2.269 | 1.784 | 1.472 | 1.637 | |
| Quick Ratio | 1.780 | 1.903 | 1.440 | 1.188 | 1.411 | |
| Solvency Ratio | 0.221 | 0.399 | 0.588 | 0.832 | 0.197 | |
| Cash Ratio | 1.321 | 1.490 | 0.833 | 0.781 | 0.958 | |
| Price To Earnings Ratio | 12.400 | 13.214 | 8.176 | 5.465 | 21.719 | |
| Price To Earnings Growth Ratio | -0.434 | -0.225 | -0.391 | 0.014 | -0.297 | |
| Forward Price To Earnings Growth Ratio | -0.434 | -0.225 | -0.391 | 0.014 | -0.297 | |
| Price To Earnings Diluted Ratio | 12.400 | 13.214 | 8.424 | 5.595 | 22.612 | |
| Price To Earnings Diluted Growth Ratio | -0.434 | -0.230 | -0.393 | 0.014 | -0.312 | |
| Price To Book Ratio | 0.645 | 1.050 | 1.669 | 1.752 | 2.032 | |
| Price To Sales Ratio | 0.847 | 1.510 | 1.684 | 1.804 | 2.571 | |
| Price To Free Cash Flow Ratio | -18.515 | 9.001 | 7.988 | 13.504 | -16.348 | |
| Price To Operating Cash Flow Ratio | 7.038 | 8.842 | 7.831 | 13.056 | -25.203 | |
| Debt To Assets Ratio | 0.065 | 0.033 | 0.119 | 0.106 | 0.130 | |
| Debt To Equity Ratio | 0.085 | 0.042 | 0.162 | 0.148 | 0.202 | |
| Debt To Capital Ratio | 0.079 | 0.040 | 0.139 | 0.129 | 0.168 | |
| Long Term Debt To Capital Ratio | 0.058 | 0.000 | 0.083 | 0.018 | 0.040 | |
| Financial Leverage Ratio | 1.320 | 1.247 | 1.362 | 1.399 | 1.546 | |
| Working Capital Turnover Ratio | 2.787 | 3.015 | 6.299 | 5.610 | 2.342 | |
| Operating Cash Flow Ratio | 0.395 | 0.531 | 0.884 | 0.400 | -0.185 | |
| Operating Cash Flow Sales Ratio | 0.120 | 0.171 | 0.215 | 0.138 | -0.102 | |
| Free Cash Flow Operating Cash Flow Ratio | -0.380 | 0.982 | 0.980 | 0.967 | 1.542 | |
| Debt Service Coverage Ratio | 0.000 | 13.367 | 6.472 | 4.581 | 1.413 | |
| Interest Coverage Ratio | 0.000 | 97.484 | 44.194 | 98.407 | 137.000 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 19.608 | 7.514 | 1.901 | -1.061 | |
| Operating Cash Flow Coverage Ratio | 1.073 | 2.856 | 1.318 | 0.907 | -0.400 | |
| Capital Expenditure Coverage Ratio | 0.725 | 56.533 | 50.665 | 30.153 | -1.846 | |
| Dividend Paid And Capex Coverage Ratio | 0.725 | 56.533 | 50.665 | 30.153 | -1.846 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 4.206 | 4.794 | 6.712 | 6.788 | 17.060 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 27.1% | ▼-4.2% | ▼-4.6% |
| Ebit Margin | 11.0% | ▼-9.0% | ▼-7.0% |
| Ebitda Margin | 13.2% | ▼-9.5% | ▼-6.5% |
| Operating Profit Margin | 11.0% | ▼-9.0% | ▼-7.0% |
| Pretax Profit Margin | 11.5% | ▼-8.3% | ▼-6.4% |
| Continuous Operations Profit Margin | 7.0% | ▼-4.4% | ▼-9.8% |
| Net Profit Margin | 7.0% | ▼-4.4% | ▼-9.8% |
| Bottom Line Profit Margin | 7.0% | ▼-4.4% | ▼-9.8% |
| Current Ratio | 2.162 | ▼-0.107 | ▲0.297 |
| Quick Ratio | 1.780 | ▼-0.122 | ▲0.236 |
| Solvency Ratio | 0.221 | ▼-0.178 | ▼-0.226 |
| Cash Ratio | 1.321 | ▼-0.169 | ▲0.244 |
| Price To Earnings Ratio | 12.400 | ▼-0.814 | ▲0.205 |
| Price To Earnings Growth Ratio | -0.434 | ▼-0.209 | ▼-0.167 |
| Forward Price To Earnings Growth Ratio | -0.434 | ▼-0.209 | ▼-0.167 |
| Price To Earnings Diluted Ratio | 12.400 | ▼-0.814 | ▼-0.049 |
| Price To Earnings Diluted Growth Ratio | -0.434 | ▼-0.204 | ▼-0.163 |
| Price To Book Ratio | 0.645 | ▼-0.405 | ▼-0.785 |
| Price To Sales Ratio | 0.847 | ▼-0.662 | ▼-0.836 |
| Price To Free Cash Flow Ratio | -18.515 | ▼-27.515 | ▼-17.641 |
| Price To Operating Cash Flow Ratio | 7.038 | ▼-1.803 | ▲4.726 |
| Debt To Assets Ratio | 0.065 | ▲0.031 | ▼-0.026 |
| Debt To Equity Ratio | 0.085 | ▲0.044 | ▼-0.042 |
| Debt To Capital Ratio | 0.079 | ▲0.039 | ▼-0.032 |
| Long Term Debt To Capital Ratio | 0.058 | ▲0.058 | ▲0.018 |
| Financial Leverage Ratio | 1.320 | ▲0.073 | ▼-0.054 |
| Working Capital Turnover Ratio | 2.787 | ▼-0.229 | ▼-1.224 |
| Operating Cash Flow Ratio | 0.395 | ▼-0.136 | ▼-0.010 |
| Operating Cash Flow Sales Ratio | 0.120 | ▼-0.050 | ▲0.012 |
| Free Cash Flow Operating Cash Flow Ratio | -0.380 | ▼-1.363 | ▼-1.198 |
| Debt Service Coverage Ratio | 0.000 | ▼-13.367 | ▼-5.167 |
| Interest Coverage Ratio | 0.000 | ▼-97.484 | ▼-75.417 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | ▼-19.608 | ▼-5.592 |
| Operating Cash Flow Coverage Ratio | 1.073 | ▼-1.783 | ▼-0.078 |
| Capital Expenditure Coverage Ratio | 0.725 | ▼-55.808 | ▼-26.521 |
| Dividend Paid And Capex Coverage Ratio | 0.725 | ▼-55.808 | ▼-26.521 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 4.206 | ▼-0.588 | ▼-3.706 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $43.2M | $68.5M | $102.0M | $84.6M | $66.3M | |
| Enterprise value | $28.4M | $49.4M | $99.6M | $79.1M | $59.3M | |
| EV / Sales | 0.56x | 1.09x | 1.64x | 1.69x | 2.30x | |
| EV / Op. cash flow | 4.63x | 6.38x | 7.65x | 12.21x | -22.53x | |
| EV / Free cash flow | -12.17x | 6.50x | 7.80x | 12.62x | -14.61x | |
| EV / EBITDA | 4.21x | 4.79x | 6.71x | 6.79x | 17.06x | |
| Net debt / EBITDA | -2.19x | -1.85x | -0.16x | -0.47x | -2.03x | |
| Current ratio | 2.16x | 2.27x | 1.78x | 1.47x | 1.64x | |
| Income quality | 1.71x | 1.50x | 1.04x | 0.42x | -0.86x | |
| Graham number | $2 | $2 | $4 | $4 | $1 | |
| Graham net-net | $0 | $0 | -$0 | -$0 | $0 | |
| Tax burden | 61.4% | 57.8% | 89.1% | 140.8% | 102.0% | |
| Interest burden | 104.6% | 99.0% | 97.7% | 99.0% | 99.3% | |
| Working capital | $18.1M | $18.5M | $11.6M | $7.7M | $9.1M | |
| Invested capital | $41.0M | $33.2M | $27.0M | $23.6M | $25.2M | |
| Return on assets | 4.1% | 6.4% | 15.0% | 22.9% | 6.0% | |
| Operating ROA | 6.6% | 11.0% | 19.0% | 18.8% | 6.3% | |
| Return on tangible assets | 4.6% | 7.4% | 17.3% | 27.7% | 7.9% | |
| Return on equity | 5.4% | 7.9% | 20.4% | 32.1% | 9.4% | |
| Return on invested capital | 4.7% | 7.7% | 18.0% | 20.1% | 7.7% | |
| Return on capital employed | 7.7% | 13.6% | 20.9% | 21.7% | 8.3% | |
| Earnings yield | 8.3% | 7.6% | 12.2% | 18.3% | 4.6% | |
| Free cash flow yield | -5.4% | 11.1% | 12.5% | 7.4% | -6.1% | |
| Capex / Op. cash flow | 138.0% | 1.8% | 2.0% | 3.3% | -54.2% | |
| Capex / Depreciation | 1241.9% | 11.0% | 50.0% | 40.1% | 309.8% | |
| Capex / Sales | 16.6% | 0.3% | 0.4% | 0.5% | 5.5% | |
| SG&A / Sales | 15.2% | 16.5% | 11.7% | 12.2% | 31.2% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 1.8% | 2.8% | 1.3% | 1.2% | 1.6% | |
| Intangibles / Total assets | 11.9% | 13.3% | 13.5% | 17.2% | 23.8% | |
| Days sales outstanding | 46d | 40d | 12d | 43d | 71d | |
| Days payables outstanding | 71d | 87d | 46d | 32d | 159d | |
| Operating cycle | 104d | 103d | 59d | 89d | 150d | |
| Cash conversion cycle | 33d | 16d | 12d | 57d | -9d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-31 Heritage Global Partners to Conduct Two Massive Online Auctions of Wren Manufacturing''s Pennsylvania Plants SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, will conduct two online auctions of cabinet manufacturing, woodworking and stone fabrication equipment formerly used in Wren Manufacturing''s U.S. operations in Wilkes-Barre, Pennsylvania. The sales are being conducted by order of the U.S. Bankruptcy Court, Case No. 1:26-bk-10581, which features equipment used in the prod.
- 2026-08-25 Analyzing Burford Capital (OTCMKTS:BRFRF) and Heritage Global (NASDAQ:HGBL) Burford Capital (OTCMKTS:BRFRF - Get Free Report) and Heritage Global (NASDAQ: HGBL - Get Free Report) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations. Analyst Recommendations This is a breakdown of current
- 2026-08-13 Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript
- 2026-08-13 Heritage Global Inc. Reports Second Quarter 2026 Results SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2026. Second Quarter and First Six Months 2026 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025.
- 2026-08-03 Heritage Global Expands Into Seller and Carryback Notes With Acquisition of Boston Note Company SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that its Financial Assets division has acquired Boston Note Company, a nationwide broker and buyer of privately held loans, notes, and mortgages, commonly known as seller notes or carry-back notes. "For 35 years Boston Note has helped the owners of seller and carry-back notes generate im.
- 2026-07-31 Heritage Global Announces Strategic Wind Down of Heritage Global Capital; Reschedules Second Quarter 2026 Earnings Conference Call to Thursday, August 13, 2026 SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that it has made the strategic decision to substantially wind down Heritage Global Capital ("HGC"), the Company''s specialty lending business. In connection with this wind down, Heritage Global expects to recognize a material non-cash charge in the second quarter of 2026 related to the wr.
- 2026-07-28 Heritage Global Partners to Conduct Online Auction of Cannabis Processing and Production Equipment from The Cannabist Company SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, announced it will conduct an online auction featuring a comprehensive offering of cannabis processing, production, packaging and facility support equipment formerly utilized by The Cannabist Company. The auction features a broad selection of late-model equipment supporting nearly every stage of cannabis production and pr.
- 2026-07-07 Heritage Global to Announce Second Quarter 2026 Results and Host Webcast on Thursday, August 6, 2026 SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its second quarter 2026 financial results after the market closes on Thursday, August 6, 2026. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 6, 2026, at 5:00 p.m. ET to discuss financial results f.