Heritage Global, Inc. operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, 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; accounts receivable portfolios; intellectual property; 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.
IPO Year:
Exchange: NASDAQ
Website: hginc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/30/2023 | Buy | Craig Hallum |
Craig Hallum initiated coverage of Heritage Global with a rating of Buy
Lake Street Capital reiterated coverage of Heritage Global with a rating of Buy and set a new price target of $5.00 from $4.00 previously
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Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its fourth quarter and year-end 2024 financial results after the market closes on Thursday, March 13, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, March 13, 2025, at 5:00 p.m. ET to discuss financial results for the fourth quarter and year-end 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-225-9448 (Domestic) 1-203-518-9708 (International) Conf
Heritage Global Partners ("HGP"), a subsidiary of Heritage Global Inc. (NASDAQ:HGBL) and a worldwide leader in asset advisory and auction services, announced today that in partnership with Cloud Investment Partners, it has been selected to conduct an exclusive online auction event featuring Surplus SATCOM Communications & Field Equipment from a major aerospace defense contractor. This unique auction will open February 5th and close February 6th, and will feature rare assortment of Humvees, Generators, Communication Shelters, Turrets, Test Equipment & other cutting-edge electronics. A link to the auction registration and catalog can be found on the HGP website. Craig Thompson, Senior Vic
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the third quarter and nine months ended September 30, 2024. Third Quarter and First Nine Months 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating income $ 1,479 $ 2,769 $ 7,581 $ 9,764 Net income $ 1,089 $ 1,977 $ 5,385 $
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, November 7, 2024, at 5:00 p.m. ET to discuss financial results for the third quarter of 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-717-1738 (Domestic) 1-646-307-1865 (International) Conference ID: 59480 To acce
Unique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots! Heritage Global Partners ("HGP"), a subsidiary of Heritage Global Inc. (NASDAQ:HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter 7 Trustee and US Bankruptcy Court to conduct two major online auctions of assets from Cue Health, a San Diego based healthcare technology and Covid-19 testing company, featuring over 2,000 lots of state-of-the-art equipment and assets. The first auction will feature cutting-edge research, development, and laboratory equipment from Cue Health's Carrol Canyon location in San Diego, CA, ideal for pro
Company Reports Operating Income of $3.5 Million Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2024. Second Quarter and First Six Months 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating income $ 3,544 $ 3,101 $ 6,102 $ 6
Heritage Global Partners ("HGP"), a subsidiary of Heritage Global Inc. (NASDAQ:HGBL) and a worldwide leader in asset advisory and auction services, has been selected to conduct a one-of-a-kind online auction event featuring the premium assets of Waitr Holdings Inc., including exclusive customer lists, patents, copyrights, trademarks, and domain names. This auction, by order of The US Bankruptcy Court (Case #24-10676-JTD), presents an unparalleled opportunity for businesses and entrepreneurs to acquire valuable intellectual property and assets to drive innovation and market presence. Auction Details: Online Bidding Closes: September 5, 2024, starting at 12:00pm EDT Registration and Details
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 8, 2024, at 5:00 p.m. ET to discuss financial results for the second quarter of 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-274-8461 (Domestic) 1-203-518-9814 (International) Conference ID: HGBLQ2 To
Auction Bidding Closes May 21, 2024, 10:00 AM EDT https://www.hgpauction.com/auctions/124369/flexsteel-2/ Heritage Global Partners ("HGP"), a subsidiary of Heritage Global Inc. (NASDAQ:HGBL), in partnership with Integra Asset Solutions, is pleased to announce an exclusive online auction featuring woodworking and furniture manufacturing equipment from Flexsteel Industries. This auction presents a prime opportunity for businesses and individuals to acquire a wide array of machinery and equipment for furniture production and more. Bidding will take place online with lots starting to close at 10:00 AM EDT on May 21, 2024. Interested parties should register to participate through the auctio
Company Reports Operating Income of $2.6 Million Subsequent to First Quarter Company Closed an Equipment Sale and Real Estate Lease Transaction With Multi-National Pharmaceutical Company Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended March 31, 2024 2023 Operating income $ 2,558 $
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Heritage Global Valuations ("HGV"), a division of Heritage Global Inc. (NASDAQ:HGBL), a leading appraisal and liquidation firm, is pleased to announce the appointment of Gina Griffin as Senior Vice President. With a remarkable career spanning more than two decades, Griffin brings a wealth of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce. Griffin's journey in the industry began over 20 years ago, where she played a pivotal role in the growth of Gordon Brothers, a globally recognized advisory and restructuring firm. During her tenure, she managed a team, cultivated relationships, and worked on large complex projects in retail,
Heritage Global Capital ("HGC"), a division of Heritage Global Inc. (NASDAQ:HGBL), specializing in flexible funding structures for the Accounts Receivable Management "ARM" industry, announced today that Tony Spencer has been appointed as Senior Vice President of Credit Risk Operations and Originations. Mr. Spencer brings extensive knowledge and expertise to HGC in both credit risk operations and originations, gained from years of experience in portfolio management. He spent two years with PRA Group, where he was responsible for portfolio acquisitions in the US and Canada. During this time, he invested over $600 million in portfolio purchases. Before joining PRA Group, he spent 15 years wi
Heritage Global Valuations ("HGV"), a division of Heritage Global Inc. (NASDAQ:HGBL), specializing in the valuation of commercial & industrial assets including inventories and machinery & equipment ("M&E"), announced today that Rick Wiorek, ASA, CEA has joined HGV as a Director. Mr. Wiorek has over 34 years of experience in the appraisal of industrial machinery and equipment. He is certified by the American Society of Appraisers as an Accredited Senior Appraiser ("ASA") and Association of Machinery and Equipment Appraisers as a Certified Equipment Appraiser ("CEA") and is an active member of both associations. Based in Chicago, Mr. Wiorek will focus on appraisals that support asset-based
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced the appointment of William ("Bill") Burnham to its Board of Directors. Mr. Burnham brings more than 20 years of extensive investment and capital markets experience as an institutional investor, venture capitalist and public equity analyst. As the Founder and Managing Partner of Inductive Capital, Mr. Burnham currently oversees a global portfolio of technology-related public equity investments. Prior to founding Inductive Capital in 2006, he was a venture capital investor at SOFTBANK Capital Partners, a $1.5BN l
National Loan Exchange, Inc. ("NLEX"), a division of Heritage Global Inc. (NASDAQ:HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives. For more than 16 years, Ms. Arens-Yager has been in the debt buying industry, where she has engaged in both debt acquisitions of tens of billions and bankruptcy servicing inventory. Most recently she was the New Business Development Officer at Jefferson Capital Systems which is one of the nation's leading purchasers of secure
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HGI" or "the Company"), an asset services company specializing in financial and industrial asset transactions, announced today that Andrew Valko has joined Heritage Global Valuations ("HGV") as Director of Sales, where he will be responsible for overseeing all new business development and sales initiatives across the Midwest. Mr. Valko brings nearly 20 years of experience in providing financial and management solutions to business owners and senior management teams across a broad spectrum of sectors as an underwriter, portfolio manager, and a relationship manager to commercial lenders; and as a relationship manager to a national trust
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global Inc" "HGI" or "the Company"), an asset services company specializing in financial and industrial asset transactions, announced today that Raspina Jannesar has joined its Executive Leadership team as Chief Marketing Officer ("CMO"). As CMO, Ms. Jannesar will lead all corporate marketing and branding efforts, including strategy and awareness, tactics and planning, public relations activity, and corporate communications. Ms. Jannesar is an experienced marketing leader with a proven track record in the SaaS space for auctioneers. Most recently she led the Client Success Team as the Senior Director of Client Success at Auction Technology Grou
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HGI" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced the appointment of Shirley S. Cho to its board of directors, effective as of December 20, 2021. She replaces Brendan Ryan, who has resigned from the Heritage Global Inc. board. Ms. Cho will also serve as a member of the Compensation Committee. Ms. Cho has over 20 years of experience as an attorney advising debtors, creditors' committees, creditors, and purchasers. She is currently a partner with Pachulski Stang Ziehl & Jones in Los Angeles. Throughout her career, Ms. Cho has represented some of the largest co
SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced that David Ludwig, President of the Company’s Financial Asset Division, has been elected to its Board of Directors. Mr. Ludwig’s appointment fills the vacancy created with the recent resignation of Allan C. Silber from the Board of Directors. Dave Ludwig is the President of Heritage Global’s Financial Asset division which comprises the Company’s National Loan Exchange (NLEX) and Heritage Global Capital subsidiaries. He joined Heritage Global in 2014, with the Company’s acqu
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its fourth quarter and year-end 2024 financial results after the market closes on Thursday, March 13, 2025. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, March 13, 2025, at 5:00 p.m. ET to discuss financial results for the fourth quarter and year-end 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-225-9448 (Domestic) 1-203-518-9708 (International) Conf
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the third quarter and nine months ended September 30, 2024. Third Quarter and First Nine Months 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating income $ 1,479 $ 2,769 $ 7,581 $ 9,764 Net income $ 1,089 $ 1,977 $ 5,385 $
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, November 7, 2024, at 5:00 p.m. ET to discuss financial results for the third quarter of 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-717-1738 (Domestic) 1-646-307-1865 (International) Conference ID: 59480 To acce
Company Reports Operating Income of $3.5 Million Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2024. Second Quarter and First Six Months 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating income $ 3,544 $ 3,101 $ 6,102 $ 6
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 8, 2024, at 5:00 p.m. ET to discuss financial results for the second quarter of 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-274-8461 (Domestic) 1-203-518-9814 (International) Conference ID: HGBLQ2 To
Company Reports Operating Income of $2.6 Million Subsequent to First Quarter Company Closed an Equipment Sale and Real Estate Lease Transaction With Multi-National Pharmaceutical Company Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended March 31, 2024 2023 Operating income $ 2,558 $
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, May 9, 2024, at 5:00 p.m. ET to discuss financial results for the first quarter of 2024. Analysts and investors may participate via conference call, using the following dial-in information: 1-800-830-9649 (Domestic) 1-213-992-4624 (International) To access the webcast, individuals
- Financial Assets Division Reports Full Year Growth of 83% in Operating Income for 2023 - Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter and Full Year 2023 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2022 2023 2022 Operating income $ 4,555 $ 3,147 $
Heritage Global Inc. (NASDAQ:HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today announced that the Company will release its fourth quarter and year-end 2023 financial results after the market closes on Thursday, March 14, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, March 14, 2024, at 5:00 p.m. ET to discuss financial results for the fourth quarter and year-end 2023. Analysts and investors may participate via conference call, using the following dial-in information: 1-877-423-9813 (Domestic) 1-201-689-8573 (International) In a
75,000 square foot, state-of-the-art and well-equipped solid dose and liquid pharmaceutical facility in Fenton, Missouri 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 New Mill Capital, Federal Equipment Company and Keith Machinery Corp., announced today that it has acquired a state-of-the-art pharmaceutical plant in Fenton Missouri, formerly owned by Alkem Laboratories. The joint venture plans to find a pharmaceutical user-operator to continue operations at the site and take advantage of the plug and play nature of the offering. The facility was designed to manufact