Heritage Global (HGBL)

• Market cap: $70.3M
• 1 day: -1.00%
• 5 days: -2.46%
• 1 month: -8.33%
• 3 months: -2.94%
• 6 months: 22.98%
• Year to date: 5.88%
• 1 year: -19.84%
• 5 years: -46.20%
• 10 years: -46.20%
• Sector: Financials
• Industry: Capital Markets

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 full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Employees: 86

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

12,338% more capital invested

Capital invested by funds: $15.2M [Q3] → $1.89B (+$1.87B) [Q4]

10.99% more ownership

Funds ownership: 23.98% [Q3] → 34.97% (+10.99%) [Q4]

12% less funds holding

Funds holding: 43 [Q3] → 38 (-5) [Q4]

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $4 102% upside
• Avg. target: $4 102% upside
• High target: $4 102% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Lake Street Mark Argento 25% 1-year accuracy 1 / 4 met price target

102% upside $4

Buy Maintained

14 Mar 2025