Heritage Global Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Ross Dove
- Full Time Employees
- 84
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 6130 Nancy Ridge Drive San Diego CA United States of America 92121
- IPO Date
- Mar 23, 1993
- CIK
- 0000849145
- Website
- hginc.com
- Similar Companies
- Business
- Heritage Global Inc. (NASDAQ: HGBL) operates as an asset services company specializing in the valuation, acquisition, monetization, and disposition of industrial and financial assets for industrial and financial institutions worldwide. The company conducts its operations through two primary business units—Industrial Assets and Financial Assets—delivering services including auction and liquidation via Heritage Global Partners (HGP); valuations of commercial and industrial assets, inventories, and machinery & equipment via Heritage Global Valuations (HGV); recovery, refurbishment, and resale of life sciences equipment via American Laboratory Trading (ALT); brokerage of charged-off and nonperforming financial asset portfolios via National Loan Exchange (NLEX); and flexible specialty lending for asset classes, particularly in the accounts receivable management industry, via Heritage Global Capital (HGC). It targets corporations in manufacturing, technology, life sciences, lenders, and restructuring firms across more than 25 industrial sectors and 28 global markets, with a focus on surplus industrial machinery, equipment, inventories, turnkey manufacturing facilities, and distressed financial portfolios such as credit cards, consumer loans, and real estate. Founded in 1937 with roots tracing back to Ross Mercantile Company in San Francisco, Heritage Global Inc. is headquartered in San Diego, California, at 12625 High Bluff Drive. The company, formerly known as Counsel RB Capital Inc., rebranded to Heritage Global Inc. in August 2013 following its acquisition of Heritage Global Partners; it uplisted to Nasdaq in 2020 and maintains a legacy of pioneering asset solutions, including early webcast auctions and global distressed asset markets. Recent developments include the acquisition of a new corporate headquarters and investment in a pharmaceutical plant in Huntsville, Alabama, during 2025, alongside repurchases of approximately 1.2 million shares for $2.6 million in the first half of the year at an average price of $2.13 per share under expanded authorization up to a $7.5 million program through June 2028. In Q3 2025, the company reported operating income of $1.3 million and net income of $0.6 million, with net working capital of $17.9 million, while advancing merger and acquisition initiatives to expand service offerings and geographic footprint. Heritage Global Partners continues to secure high-profile court-ordered auctions, such as those for over $4 million in maternity apparel inventory from Seraphine USA, Inc., brewing and restaurant equipment from nine Iron Hill Brewery sites, and CaaStle, Inc.'s commercial laundry and premium branded clothing assets, all concluding in late 2025. Additionally, Heritage Global Capital appointed Anastasia Suda as Executive Managing Director of its specialty lending division in 2025 to bolster leadership in financial asset funding.
Company News
Head-To-Head Analysis: Brookfield Wealth Solutions (NYSE:BNT) and Heritage Global (NASDAQ:HGBL)
Heritage Global, Inc. to Announce Third Quarter 2026 Results and Host Webcast on Thursday, November 5, 2026
Heritage Global, Inc. to Announce Third Quarter 2026 Results and Host Webcast on Thursday, November 5, 2026
Genmab and AbbVie Announce Epcoritamab in Combination with R-CHOP Demonstrates Statistically Significant Improvement in Progression-Free Survival in Patients with Newly Diagnosed Diffuse Large B-Cell
AbbVie and Genmab Announce Epcoritamab in Combination with R-CHOP Demonstrates Significant Improvement in Progression-Free Survival versus R-CHOP in Patients with Newly Diagnosed Diffuse Large B-Cell
Heritage Global Partners to Conduct Two Massive Online Auctions of Wren Manufacturing's Pennsylvania Plants
Analyzing Burford Capital (OTCMKTS:BRFRF) and Heritage Global (NASDAQ:HGBL)
Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript
Heritage Global Inc. Reports Second Quarter 2026 Results
Heritage Global Expands Into Seller and Carryback Notes With Acquisition of Boston Note Company
Heritage Global Announces Strategic Wind Down of Heritage Global Capital; Reschedules Second Quarter 2026 Earnings Conference Call to Thursday, August 13, 2026
Heritage Global Partners to Conduct Online Auction of Cannabis Processing and Production Equipment from The Cannabist Company
Heritage Global to Announce Second Quarter 2026 Results and Host Webcast on Thursday, August 6, 2026
Results from Incyte's Pivotal Phase 3 frontMIND Trial of Tafasitamab (Monjuvi®/Minjuvi®) Combination Presented at the 2026 European Hematology Association (EHA) Congress Plenary Showed Prolonged Progr
Incyte's Pivotal frontMIND Trial Showed Tafasitamab (Monjuvi®/Minjuvi®) Combination Significantly Prolonged Progression-free Survival, Reducing the Risk of Disease Progression or Death by 25% in Patie
Heritage Global Inc. (HGBL) Q1 2026 Earnings Call Transcript
Heritage Global Inc. Reports First Quarter 2026 Results
Heritage Global to Announce First Quarter 2026 Results and Host Webcast on Thursday, May 7, 2026
Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business Development
Heritage Global Inc. Appoints Tom Ludwig as President of National Loan Exchange