Heritage Global Inc Stock Price, News & Analysis

Heritage Global Inc. (NASDAQ: HGBL) announced that its CEO, Ross Dove, will present at the D.A. Davidson Bison Select Conference on August 4 at 2 PM ET. Investors can access the presentation via the provided link and will have the option to schedule one-on-one meetings throughout the day. A replay of the presentation will be available for 90 days after the event. Heritage Global specializes in financial and industrial asset transactions, offering services like market making, acquisitions, and valuations across twenty-eight sectors.

Heritage Global Inc. (NASDAQ: HGBL) will join the Russell Microcap® Index following the annual reconstitution effective June 28, 2021. This membership, lasting one year, places HGBL in relevant growth and value style indexes. CEO Ross Dove sees this inclusion as a validation of the company's leadership in financial and industrial asset transactions, potentially increasing stock awareness and future opportunities. Russell indexes benchmark about $10.6 trillion in assets, benefiting investment strategies.

Heritage Global Inc. (NASDAQ: HGBL) will present at the LD Micro Invitational XI on June 8 at 5:00 PM ET. CEO Ross Dove expressed enthusiasm for engaging with current and potential investors, highlighting the event's significance for enhancing the company's investor base. The three-day virtual event, running from June 8-10, features around 180 companies and includes keynotes and the LD Micro Hall of Fame. Heritage Global specializes in asset services, focusing on financial and industrial asset transactions across various sectors.

Heritage Global Inc. (NASDAQ: HGBL) reported strong financial results for Q1 2021, highlighting significant improvements in operating income, net income, and adjusted EBITDA. Operating income reached $1.0 million, up from $94,000 in Q1 2020, while net income increased to $1.0 million or $0.03 per share, compared to $38,000 in the previous year. EBITDA stood at $1.1 million, up from $184,000. The company maintains a solid balance sheet with stockholders' equity of $30.9 million and cash of $15.9 million as of March 31, 2021.

Heritage Global (NASDAQ: HGBL) will announce its Q1 financial results on May 13, 2021, after market close. A conference call will follow at 5:00 PM ET, where management will discuss the financial outcomes. Investors can access the call via provided dial-in numbers and listen to a live webcast on the company’s website. A replay will also be available shortly after the call through May 27, 2021. Heritage Global specializes in financial and industrial asset transactions, offering services across various sectors, including valuations and secured lending.

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (Nasdaq: HGBL), has been appointed by the U.S. Bankruptcy Court to sell a fully equipped poultry processing plant in Charles City, Iowa. This facility has undergone $30 million in upgrades and can process 140 birds per minute, with complete packaging and processing capabilities. HGP is actively soliciting offers, and if no suitable operators emerge within 60 days, a piecemeal auction will occur. The sale includes the facility, equipment, and associated intellectual property.

Heritage Global (NASDAQ: HGBL) announced CEO Ross Dove will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, focusing on asset services in financial and industrial transactions. The event will feature industry leaders in sectors like healthcare and technology, including a fireside chat involving Heritage Global on March 18 at 1:30 p.m. ET. Participants can sign up as M-Vest members for exclusive content and updates.

Heritage Global Partners (HGP) announces its 100th auction for Pfizer equipment assets, enhancing its long-term partnership with the pharmaceutical giant. HGP has supported Pfizer since 2013, facilitating surplus asset sales across over 20 countries. The upcoming Pharmaceutical Sector Sale (PSS) auction will take place from March 17-18, featuring over 450 lots. This collaboration not only aids Pfizer in global asset recovery but also provides life sciences firms opportunities to acquire quality instruments efficiently.

Heritage Global Inc. (NASDAQ: HGBL) announces the election of David Ludwig, President of its Financial Asset Division, to its Board of Directors. This appointment follows the resignation of Allan C. Silber. Ludwig has extensive experience in the financial sector, having joined Heritage Global in 2014 when the company acquired NLEX™, where he has overseen the sale of over 5,000 portfolios valued at $150 billion. CEO Ross Dove expresses confidence in Ludwig’s leadership and industry expertise, anticipating his contributions will support the company's growth strategy.