HGBL - Heritage Global Inc. Stock Price, Fair Value and News

2.29USD+0.02 (+0.88%)Delayed as of 17 May 2024, 12:45 pm ET

Market Summary

USD2.29+0.02

Delayedas of 17 May 2024, 12:45 pm

0.88%

HGBL Stock Price

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HGBL RSI Chart

HGBL Valuation

Market Cap

84.8M

Price/Earnings (Trailing)

7.41

Price/Sales (Trailing)

1.51

EV/EBITDA

5.08

Price/Free Cashflow

15.24

HGBL Price/Sales (Trailing)

HGBL Profitability

EBT Margin

22.52%

Return on Equity

18.16%

Return on Assets

13.67%

Free Cashflow Yield

6.56%

HGBL Fundamentals

HGBL Revenue

Revenue (TTM)

56.1M

Rev. Growth (Yr)

-26.79%

Rev. Growth (Qtr)

-20.43%

HGBL Earnings

Earnings (TTM)

11.4M

Earnings Growth (Yr)

-36.41%

Earnings Growth (Qtr)

-63.21%

Breaking Down HGBL Revenue

52 Week Range

2.264.08

(Low)(High)

Last 7 days

-8.5%

Last 30 days

-12.7%

Last 90 days

-21.7%

Trailing 12 Months

-24.3%

How does HGBL drawdown profile look like?

HGBL Financial Health

Current Ratio

2.07

HGBL Investor Care

Shares Dilution (1Y)

0.61%

Diluted EPS (TTM)

0.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	56.1M	0	0	0
2023	54.2M	56.2M	59.1M	60.5M
2022	28.0M	33.9M	40.6M	46.9M
2021	29.0M	28.1M	26.5M	25.8M
2020	23.9M	22.6M	23.5M	26.2M
2019	24.4M	25.0M	26.5M	26.2M
2018	20.9M	22.9M	23.3M	23.7M
2017	23.4M	24.3M	20.4M	20.1M
2016	18.2M	18.6M	23.4M	23.8M
2015	22.7M	23.4M	21.1M	17.4M
2014	8.7M	9.5M	13.4M	20.0M
2013	12.5M	10.6M	9.8M	8.1M
2012	19.5M	11.6M	12.5M	14.1M
2011	9.0M	11.7M	14.5M	17.2M
2010	0	0	0	6.2M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Heritage Global Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	dove ross	bought	20,066	2.75	7,297	ceo
Mar 19, 2024	dove nicholas kirk	bought	14,400	2.88	5,000	president, industrial assets
Mar 19, 2024	sklar james edward	sold (taxes)	-34,661	2.93	-11,830	evp, gen counsel & secretary
Mar 19, 2024	cobb brian j.	sold (taxes)	-39,959	2.93	-13,638	cfo
Mar 07, 2024	cobb brian j.	acquired	-	-	25,597	cfo
Mar 07, 2024	dove ross	acquired	-	-	76,850	ceo
Mar 07, 2024	sinsley barbara a	acquired	-	-	15,000	-
Mar 07, 2024	burnham william l	acquired	-	-	15,000	-
Mar 07, 2024	shimer samuel l	acquired	-	-	15,000	-
Mar 07, 2024	hexner michael	acquired	-	-	15,000	-

Which funds bought or sold HGBL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Uniplan Investment Counsel, Inc.	added	1.4	-122,000	2,134,000	0.17%
May 15, 2024	PERRITT CAPITAL MANAGEMENT INC	reduced	-0.39	-51,205	895,638	0.48%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-49.01	-119,258	111,952	-%
May 15, 2024	WYNNEFIELD CAPITAL INC	unchanged	-	-62,444	1,177,520	0.47%
May 15, 2024	PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	reduced	-8.41	-1,001,880	6,693,170	0.38%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	reduced	-2.84	-27,000	325,000	-%
May 15, 2024	WEDBUSH SECURITIES INC	reduced	-34.45	-27,000	44,000	-%
May 15, 2024	Royal Bank of Canada	added	77.78	-	1,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	new	-	118,861	118,861	-%
May 15, 2024	CITADEL ADVISORS LLC	added	19.43	9,067	76,674	-%

Are Funds Buying or Selling HGBL?

Are funds buying HGBL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HGBL

No. of Funds

Unveiling Heritage Global Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	punch & associates investment management, inc.	7.50%	2,768,005	SC 13G/A
Feb 13, 2024	vanguard group inc	5.10%	1,893,646	SC 13G
Feb 12, 2024	topline capital partners, lp	6.5%	2,424,680	SC 13G/A
Mar 20, 2023	silber allan c	4.90%	1,810,913	SC 13D/A
Feb 13, 2023	punch & associates investment management, inc.	6.95%	2,566,530	SC 13G/A
Jun 09, 2022	silber allan c	6.22%	2,280,062	SC 13D/A
Feb 14, 2022	punch & associates investment management, inc.	6.52%	2,158,630	SC 13G/A
Sep 14, 2021	silber allan c	9.96%	3,612,865	SC 13D/A
May 12, 2021	silber allan c	11.2%	3,985,272	SC 13D/A
Feb 16, 2021	punch & associates investment management, inc.	6.13%	2,158,630	SC 13G

Recent SEC filings of Heritage Global Inc.

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEFA14A	DEFA14A
Apr 23, 2024	DEF 14A	DEF 14A
Apr 12, 2024	PRE 14A	PRE 14A
Mar 20, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 14, 2024	10-K	Annual Report

Peers (Alternatives to Heritage Global Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	149.8B	67.8B	17.06%	40.70%	15.91	2.21	66.36%	-10.82%
ICE	78.6B	9.7B	5.52%	26.22%	31.7	8.09	0.75%	71.75%
CME	76.4B	5.7B	3.03%	16.56%	23.69	13.49	-1.46%	19.89%
COIN	48.3B	4.0B	-9.06%	226.03%	35.79	12.16	41.89%	159.36%
FDS	17.0B	2.2B	4.31%	12.99%	34.7	7.88	7.26%	9.28%
IBKR	13.0B	6.1B	13.44%	63.47%	4.49	2.14	64.44%	33.59%
MID-CAP
JEF	10.0B	8.2B	15.20%	55.58%	34.64	1.22	17.04%	-68.59%
HLI	8.6B	1.8B	7.42%	49.05%	33.1	4.66	0.16%	-0.33%
EVR	7.7B	2.5B	7.90%	84.46%	29.71	3.12	-6.73%	-35.85%
FRHC	4.2B	1.4B	6.75%	-13.65%	12.63	3.03	96.15%	398.80%
CLSK	3.8B	283.6M	13.74%	267.63%	59.06	13.23	122.34%	153.34%
SMALL-CAP
DFIN	1.8B	802.0M	2.50%	35.48%	18.44	2.29	-2.34%	8.49%
AMRK	849.2M	10.3B	-1.01%	2.03%	10.66	0.08	24.66%	-47.53%
COHN	20.0M	92.7M	66.02%	55.61%	3.22	0.22	72.05%	185.64%
AAMC	6.9M	3.2M	-20.70%	-97.30%	-0.21	2.19	-44.67%	-114.57%

Heritage Global Inc. News

Latest updates

Heritage Global Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-20.4%	12,161	15,284	15,551	13,098	16,612	13,831	12,661	11,065	9,357	7,524	5,991	5,176	7,101	8,256	7,566	6,117	4,244	5,571	6,622	7,424	6,551
Costs and Expenses	-6.5%	10,390	11,113	12,774	10,303	13,095	11,702	10,893	11,613	8,564	6,166	5,374	5,104	6,055	8,430	6,065	5,274	4,151	6,113	5,363	7,123	5,892
S&GA Expenses	-2.1%	6,358	6,494	6,806	6,440	6,300	6,419	5,693	4,939	4,275	3,677	3,494	3,671	3,969	3,933	3,378	3,666	3,472	4,323	3,928	3,698	3,925
EBITDA Margin	-1.4%	0.24*	0.25*	0.23*	0.25*	0.27*	0.25*	0.24*	0.20*	0.12*	0.13*	0.20*	0.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	4.5%	92.00	88.00	79.00	195	49.00	-3.00	41.00	33.00	32.00	16.00	6.00	-	-	2.00	12.00	-	29.00	27.00	15.00	16.00	16.00
Income Taxes	253.7%	667	-434	736	221	997	-6,840	1,153	1,009	192	374	53.00	-505	17.00	-2,995	345	-1,023	29.00	-1,030	39.00	54.00	24.00
Earnings Before Taxes	-44.7%	2,466	4,456	2,713	3,000	3,826	3,130	3,453	3,587	837	1,334	527	82.00	1,049	3,322	1,609	1,016	67.00	-453	1,255	1,548	636
EBT Margin	-2.6%	0.23*	0.23*	0.21*	0.24*	0.26*	0.23*	0.23*	0.19*	0.10*	0.12*	0.19*	0.22*	-	-	-	-	-	-	-	-	-
Net Income	-63.2%	1,799	4,890	1,977	2,779	2,829	9,970	2,300	2,578	645	960	474	587	1,032	6,821	1,264	1,032	38.00	577	1,216	1,494	612
Net Income Margin	-1.0%	0.20*	0.21*	0.30*	0.32*	0.33*	0.33*	0.16*	0.14*	0.10*	0.12*	0.34*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	288.3%	1,654	426	5,895	-2,413	8,856	3,791	1,397	-2,001	3,081	1,493	-1,226	1,527	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.6%	84.00	83.00	84.00	80.00	76.00	68.00	55.00	53.00	52.00	50.00	45.00	43.00	39.00	45.00	27.00	23.00	22.00	22.00	23.00	23.00	19.00
Current Assets	9.8%	29.00	26.00	34.00	33.00	30.00	24.00	26.00	25.00	24.00	23.00	20.00	22.00	21.00	27.00	11.00	7.00	7.00	7.00	7.00	8.00	5.00
Cash Equivalents	26.9%	16.00	12.00	16.00	15.00	16.00	13.00	17.00	16.00	15.00	14.00	13.00	18.00	16.00	23.00	6.00	2.00	3.00	3.00	4.00	4.00	2.00
Inventory	-6.7%	5.00	5.00	4.00	5.00	3.00	5.00	5.00	4.00	3.00	3.00	1.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	0.00	1.00	2.00
Net PPE	-1.2%	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Liabilities	-6.4%	21.00	22.00	28.00	26.00	24.00	19.00	17.00	18.00	19.00	18.00	14.00	12.00	8.00	15.00	11.00	9.00	10.00	10.00	11.00	13.00	11.00
Current Liabilities	-5.5%	14.00	15.00	20.00	17.00	22.00	16.00	13.00	14.00	15.00	14.00	10.00	9.00	8.00	14.00	10.00	9.00	9.00	9.00	10.00	12.00	8.00
Shareholder's Equity	3.2%	63.00	61.00	56.00	54.00	51.00	48.00	38.00	36.00	33.00	33.00	32.00	31.00	31.00	30.00	16.00	14.00	12.00	12.00	11.00	10.00	8.00
Retained Earnings	0.8%	-231	-233	-237	-239	-242	-245	-255	-257	-260	-260	-261	-262	-262	-263	-270	-271	-273	-273	-274	-275	-276
Additional Paid-In Capital	0.1%	295	295	294	294	294	294	293	293	293	293	293	293	293	293	286	285	285	285	285	285	285
Shares Outstanding	-0.6%	37.00	37.00	37.00	37.00	37.00	37.00	36.00	36.00	36.00	37.00	35.00	35.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	106	-	-	-	42.00	-	-	-	72.00	-	-	-	40.00	-	-	-	14.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	275.8%	1,676	446	5,912	-2,282	8,945	3,912	1,452	-1,974	3,093	1,495	164	1,537	-5,827	6,342	3,633	-709	-118	-253	361	3,021	-2,335
Share Based Compensation	17.5%	228	194	175	228	179	156	170	108	106	95.00	102	68.00	143	95.00	97.00	86.00	75.00	73.00	63.00	76.00	71.00
Cashflow From Investing	259.6%	2,119	-1,328	-6,549	-1,206	-6,786	-11,386	1,693	3,155	-978	-2,939	-6,478	808	-1,588	3,888	118	-79.00	581	-788	-151	-212	-5.00
Cashflow From Financing	79.4%	-497	-2,417	1,180	2,790	907	2,659	-1,739	-202	-640	1,832	2,023	-672	-118	7,360	-189	-72.00	-98.00	-132	-60.00	-894	-92.00
Buy Backs	-100.0%	-	400	-	-	-	99.00	191	105	-	-	-	-	-	-	-	-	-	-	-	-	-

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HGBL Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 12,161	$ 16,612
Operating costs and expenses:
Selling, general and administrative	6,358	6,300
Depreciation and amortization	141	120
Total operating costs and expenses	10,390	13,095
Earnings of equity method investments	787	377
Operating income	2,558	3,894
Interest expense, net	(92)	(68)
Income before income tax expense	2,466	3,826
Income tax expense	667	997
Net income	$ 1,799	$ 2,829
Weighted average common shares outstanding – basic	36,592,801	36,005,150
Weighted average common shares outstanding – diluted	37,367,268	37,334,459
Net income per share – basic	$ 0.05	$ 0.08
Net income per share – diluted	$ 0.05	$ 0.08
Services Revenue [Member]
Revenues:
Total revenues	$ 8,983	$ 10,245
Operating costs and expenses:
Cost of services revenue and assets sales	1,480	2,340
Asset Sales [Member]
Revenues:
Total revenues	3,178	6,367
Operating costs and expenses:
Cost of services revenue and assets sales	$ 2,411	$ 4,335

HGBL Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 15,577	$ 12,279
Accounts receivable (net of allowance for credit losses of $126 in 2024 and $132 in 2023)	1,558	1,910
Current portion of notes receivable (net of allowance for credit losses of $643 in 2024 and $650 in 2023)	6,514	6,581
Inventory – equipment	4,735	5,074
Other current assets	490	448
Total current assets	28,874	26,292
Non-current portion of notes receivable, net	10,698	10,890
Equity method investments	20,271	21,361
Right-of-use assets	2,377	2,539
Property and equipment, net	1,684	1,705
Intangible assets, net	3,655	3,753
Goodwill	7,446	7,446
Deferred tax assets	8,637	9,115
Other assets	64	67
Total assets	83,706	83,168
Current liabilities:
Accounts payable and accrued liabilities	4,564	7,237
Payables to sellers	6,816	4,975
Current portion of third party debt	1,765	1,733
Current portion of lease liabilities	779	789
Total current liabilities	13,924	14,734
Non-current portion of third party debt	5,040	5,495
Non-current portion of lease liabilities	1,710	1,859
Total liabilities	20,674	22,088
Stockholders’ equity:
Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 563 of Series N as of March 31, 2024 and December 31, 2023; with liquidation preference over common stockholders equivalent to $1,000 per share	6	6
Common stock, $0.01 par value, authorized 300,000,000 shares; issued 37,336,392 and 37,157,616 shares as of March 31, 2024 and December 31, 2023, respectively; and outstanding 36,940,217 and 36,761,441 shares as of March 31, 2024 and December 31, 2023, respectively	373	372
Additional paid-in capital	294,674	294,522
Accumulated deficit	(231,227)	(233,026)
Treasury stock at cost, 396,175 shares as of March 31, 2024 and December 31, 2023	(794)	(794)
Total stockholders’ equity	63,032	61,080
Total liabilities and stockholders’ equity	$ 83,706	$ 83,168

About Heritage Global Inc.

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 inventories; charged-off receivable portfolios; and business enterprises. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California.

CEO	Mr. Ross M. Dove
WEBSITE	hginc.com
INDUSTRY	Mortgage Finance
EMPLOYEES	75

Heritage Global Inc. Frequently Asked Questions

What is the ticker symbol for Heritage Global Inc.? What does HGBL stand for in stocks?

HGBL is the stock ticker symbol of Heritage Global Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Heritage Global Inc. (HGBL)?

As of Thu May 16 2024, market cap of Heritage Global Inc. is 84.76 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HGBL stock?

You can check HGBL's fair value in chart for subscribers.

What is the fair value of HGBL stock?

You can check HGBL's fair value in chart for subscribers. The fair value of Heritage Global Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Heritage Global Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HGBL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Heritage Global Inc. a good stock to buy?

The fair value guage provides a quick view whether HGBL is over valued or under valued. Whether Heritage Global Inc. is cheap or expensive depends on the assumptions which impact Heritage Global Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HGBL.

What is Heritage Global Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, HGBL's PE ratio (Price to Earnings) is 7.41 and Price to Sales (PS) ratio is 1.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HGBL PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Heritage Global Inc.'s stock?

In the past 10 years, Heritage Global Inc. has provided 0.199 (multiply by 100 for percentage) rate of return.