Heritage GlobalHGBL
Market Cap: 90.4M
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 Q1 SEC filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
4% more funds holding
Funds holding: 54 [Q4 2023] → 56 (+2) [Q1 2024]
0.01% more ownership
Funds ownership: 26.94% [Q4 2023] → 26.95% (+0.01%) [Q1 2024]
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
5% less capital invested
Capital invested by funds: $27.9M [Q4 2023] → $26.4M (-$1.46M) [Q1 2024]
Research analyst outlook
We haven’t received any recent analyst ratings for HGBL.