Heritage Global Inc. (HGBL)

NASDAQ: HGBL · IEX Real-Time Price · USD
2.870
-0.040 (-1.37%)
Feb 28, 2024, 1:17 PM EST - Market open
-1.37%
Market Cap 105.56M
Revenue (ttm) 59.09M
Net Income (ttm) 17.56M
Shares Out 36.91M
EPS (ttm) 0.47
PE Ratio 6.13
Forward PE 9.41
Dividend n/a
Ex-Dividend Date n/a
Volume 30,857
Open 2.930
Previous Close 2.910
Day's Range 2.840 - 2.930
52-Week Range 2.250 - 4.080
Beta 1.32
Analysts Strong Buy
Price Target 6.00 (+109.06%)
Earnings Date Mar 14, 2024

About HGBL

Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inv... [Read more]

Industry Capital Markets
Sector Financials
CEO Ross M. Dove
Employees 75
Stock Exchange NASDAQ
Ticker Symbol HGBL
Full Company Profile

Financial Performance

In 2022, HGBL's revenue was $46.91 million, an increase of 81.89% compared to the previous year's $25.79 million. Earnings were $15.49 million, an increase of 407.47%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for HGBL stock is "Strong Buy." The 12-month stock price forecast is $6.0, which is an increase of 109.06% from the latest price.

Price Target
$6.0
(109.06% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Heritage Global to Announce Fourth Quarter and Year-End 2023 Results and Host Webcast on Thursday, March 14, 2024

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...

13 days ago - Business Wire

Heritage Global, Inc. to Present at The Microcap Conference on Wednesday, January 31 and Thursday, February 1, 2024

San Diego, California--(Newsfile Corp. - January 23, 2024) - Heritage Global, Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and in...

5 weeks ago - Newsfile Corp

Heritage Global, Inc. to Present at the Sequire Investor Summit in Puerto Rico

SAN DIEGO, California, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Heritage Global, Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and indust...

6 weeks ago - GlobeNewsWire

Heritage Global Partners, New Mill Capital, Federal Equipment Company and Keith Machinery Corp Acquire Pharmaceutical Site from Alkem Laboratories

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, in partnership with Ne...

6 weeks ago - Business Wire

Heritage Global Inc. Reports Strong Third Quarter 2023 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...

3 months ago - Business Wire

Heritage Global Valuations Appoints Gina Griffin as Senior Vice President

SAN DIEGO, Calif.--(BUSINESS WIRE)--Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, is pleased to announce the appointm...

4 months ago - Business Wire

Heritage Global, Inc. to Present at the Fall Foliage MicroCap Rodeo Conference on Wednesday, October 25, 2023

SAN DIEGO, CA / ACCESSWIRE / October 17, 2023 / Heritage Global, Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset...

4 months ago - Accesswire

Heritage Global to Present at the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector, Presented by Maxim Group on Wednesday, October 11, 2023

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, toda...

5 months ago - Business Wire

Heritage Global to Announce Third Quarter 2023 Results and Host Webcast on Thursday, November 9, 2023

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, toda...

5 months ago - Business Wire

Heritage Global to Present at LD Micro Main Event XVI on Tuesday, October 3, 2023

San Diego, California--(Newsfile Corp. - September 22, 2023) - Heritage Global, Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and ...

5 months ago - Newsfile Corp

Heritage Global Inc. Announces Filing of Form S-3 to Replace Expired Shelf Registration Statement

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, annou...

5 months ago - Business Wire

Heritage Global Inc. Reports Net Operating Income of $3.1 Million for Second Quarter 2023; Record Net Operating Income of $7.0 Million for First Half of 2023

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...

7 months ago - Business Wire

Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC

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, in conjunction with Cl...

7 months ago - Business Wire

Heritage Global to Announce Second Quarter 2023 Results and Host Webcast on Thursday, August 10, 2023

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...

8 months ago - Business Wire

5 stocks under $5 to catch the small-cap rally as investors turn bullish

Small-cap stocks are back. If the trend continues — which is my guess — there are more big gains to be made because the group has been so badly hammered.

Other symbols: DHXQMCORBBN
9 months ago - Market Watch

Heritage Global Capital Appoints Tony Spencer as Senior Vice President

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Capital (“HGC”), a division of Heritage Global Inc. (Nasdaq: HGBL), specializing in flexible funding structures for the Accounts Receivable Management “ARM”...

9 months ago - Business Wire

Heritage Global Announces New Upsized $17 Million Credit Facility with C3bank

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...

9 months ago - Business Wire

Heritage Global to Present at LD Micro Invitational XIII

Presentation on Tuesday, June 6 at 11:00 AM PT San Diego, California--(Newsfile Corp. - May 23, 2023) - Heritage Global, Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset servic...

10 months ago - Newsfile Corp

Heritage Global Inc. Achieves Record Net Operating Income of $3.9 Million and $0.08 Earnings Per Share for First Quarter 2023

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...

10 months ago - Business Wire

Heritage Global to Announce First Quarter Results and Host Webcast on Thursday, May 11, 2023; Expects Record Net Operating Income

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...

11 months ago - Business Wire

Heritage Global Valuations Appoints Rick Wiorek as Director

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (Nasdaq: HGBL), specializing in the valuation of commercial & industrial assets including inventories...

11 months ago - Business Wire

Heritage Global Inc. to Present at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 & Hold 1x1 Meetings on Thursday, April 27, 2023

SAN DIEGO, CA / ACCESSWIRE / April 5, 2023 / Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global", "HG" or "the Company"), an asset services company specializing in financial and industrial asset tra...

11 months ago - Accesswire

Heritage Global Announces Appointment of Bill Burnham to Board of Directors

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...

1 year ago - Business Wire

Heritage Global Inc. Achieves Record Net Operating Income of $11.1 Million and $0.42 Earnings Per Share for Full Year 2022

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...

1 year ago - Business Wire

Heritage Global to Present at Third Annual Winter Wonderland – Best Ideas Virtual Investor Conference on February 22, 2023

SAN DIEGO, CA / ACCESSWIRE / February 16, 2023 / Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset...

1 year ago - Accesswire