Heritage Global Inc.
HGBL · Services-Business Services, NEC · 34.7M shares · +3%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $945K (gross $2M, SBC $1M)
Reference price $1.22 · est. market cap ~$42M — last insider purchase, 2026-05-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C69gen composite 53pct→69
Notable findings
- Cash burnNegative free cash flow (-2.3M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, CITADEL ADVISORS LLC
- Notable holderHeld by 3 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
27.4%
Operating margin
11.2%
Net margin
7.0%
Return on equity
5.4%
Return on assets
4.1%
ROIC
6.7%
Revenue growth (QoQ)
-5.5%
Net-income growth
-30.8%
Current ratio
2.2×
Free cash flow
-$2M
EBITDA
$6M
Tangible book value
$56M
Cash & investments
$21M
Cash runway
35q
Stock comp / revenue
1.8%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Ross Dove | CEO | $649K FY2025 |
| COBB BRIAN J. | CFO | — |
| Ludwig Thomas Van | President, NLEX | — |
| Nicholas Dove | President, Industrial Assets | $543K FY2025 |
| Sklar James Edward | EVP, Gen Counsel & Secretary | — |
| David Ludwig | President of subsidiary | $1M FY2025 |
| Barbara Sinsley | Director | $115K FY2025 |
| Kelly Sharpe | Director | $182K FY2025 |
| Michael Hexner | Director | $115K FY2025 |
| Samuel Shimer | Director | $182K FY2025 |
| William Burnham | Director | $107K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Dove Nicholas Kirk | Buy | 26K | $1.22 |
| 2026-05-14 | Ludwig Thomas Van | Option exercise | 32K | $0.70 |
| 2026-05-14 | Ludwig Thomas Van | Tax withheld | 24K | $1.22 |
| 2026-05-01 | Sklar James Edward | Sell | 3.7K | $1.33 |
| 2026-04-01 | Sklar James Edward | Sell | 3.7K | $1.35 |
| 2026-03-05 | Sharpe Kelly S | Grant | 20K | — |
| 2026-03-05 | SHIMER SAMUEL L | Grant | 20K | — |
| 2026-03-05 | Hexner Michael | Grant | 20K | — |
| 2026-03-05 | Sinsley Barbara A | Grant | 20K | — |
| 2026-03-05 | Burnham William L | Grant | 20K | — |
| 2026-03-02 | Sklar James Edward | Sell | 3.7K | $1.30 |
| 2026-02-02 | Sklar James Edward | Sell | 3.7K | $1.37 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-01-12 | Material agreementAcquisition/dispositionReg FDExhibits | filing ↗ |
| 2025-06-09 | Shareholder vote | filing ↗ |
| 2025-02-12 | Material agreementDebt obligation | filing ↗ |
| 2025-01-03 | Exec/director change | filing ↗ |
| 2024-09-16 | Other | filing ↗ |
| 2024-06-07 | 5.03Shareholder vote | filing ↗ |
| 2023-12-04 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-03 | 0001193125-26-257339 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-211813 ↗ |
| DEF 14A | 2026-04-21 | 2026-04-16 | 0001193125-26-166696 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001193125-26-104062 ↗ |
| 8-K | 2026-01-12 | 2026-01-09 | 0001193125-26-010341 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-269427 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000950170-25-104951 ↗ |
| 8-K | 2025-06-09 | 2025-06-09 | 0000950170-25-083675 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0000950170-25-066888 ↗ |
| DEF 14A | 2025-04-22 | 2025-04-18 | 0000950170-25-056713 ↗ |
| 10-K | 2025-03-13 | 2024-12-31 | 0000950170-25-038691 ↗ |
| 8-K | 2025-02-12 | 2025-02-06 | 0000950170-25-018808 ↗ |