Heritage Global (HGBL)

• Market cap: $63.6M
• 1 day: 0.57%
• 5 days: 2.34%
• 1 month: 7.36%
• 3 months: 2.94%
• 6 months: -26.16%
• Year to date: -36.36%
• 1 year: -35.42%
• 5 years: -52.45%
• 10 years: -52.45%
• Sector: Industrials
• Industry: Business Services

About: Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Employees: 82

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1.36% less ownership

Funds ownership: 25.34% [Q2] → 23.98% (-1.36%) [Q3]

12% less funds holding

Funds holding: 49 [Q2] → 43 (-6) [Q3]

35% less capital invested

Capital invested by funds: $23.2M [Q2] → $15.2M (-$8.03M) [Q3]

36% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 14

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12