Heritage Global Inc. (HGBL)

Over the past six months, Heritage Global Inc.'s stock price has declined by approximately 34.80%. In November 2025, the company reported its third-quarter earnings, missing both EPS and revenue forecasts, leading to a stock decline. Despite positive second-quarter earnings, the stock experienced a decline in value. In July 2025, the company authorized a share repurchase program of up to $7.5 million. In September 2025, Freedom Broker initiated coverage on HGBL with a "Buy" rating and a price target of $3.10.

Analysis of historical data suggests some seasonality in Heritage Global Inc.'s stock performance. January has shown the highest probability of a positive return, while February has the lowest probability. The Financial Assets division has reported solid profitability with proactive client additions, indicating an upward trend leading into a historically stronger fourth quarter.

Heritage Global Inc. operates as an asset services company specializing in financial and industrial asset transactions, providing services like market making, acquisitions, refurbishment, dispositions, valuations, and secured lending. The company is categorized within the Financials sector, specifically in the Capital Markets industry. Its business is segmented into auction and liquidation, refurbishment and resale, brokerage, and specialty lending.

Heritage Global Inc. primarily focuses on financial and industrial asset transactions within the United States. The company extends its reach globally, maintaining a network of regional offices and sale centers across North America, Europe, Latin America, and the Asia-Pacific region.

Heritage Global Inc. has maintained a generally positive news sentiment over the past year, with a MarketBeat news sentiment score of 1.89, indicating "Very Positive News." Recent news highlights include Heritage Global Partners being appointed to auction brewing and restaurant equipment and conducting a court-ordered auction of maternity apparel.

Major institutional owners of Heritage Global Inc. include Punch & Associates Investment Management, Inc., Mink Brook Asset Management LLC, Vanguard Group Inc., Topline Capital Management, LLC, and Koshinski Asset Management, Inc. Institutions collectively hold 32.61% of the common stock, while individuals/insiders hold 13.33%.