STOCK TITAN
  1. Home
  2. News
  3. HGBL

HERITAGE GLOBAL INC - HGBL STOCK NEWS

Welcome to our dedicated page for HERITAGE GLOBAL news (Ticker: HGBL), a resource for investors and traders seeking the latest updates and insights on HERITAGE GLOBAL stock.

Heritage Global Inc. (HGBL) is a prominent player in the industrial and financial asset sectors, specializing in the acquisition, disposition, valuation, and lending services for surplus and distressed assets. The company plays a vital role in the circular economy by diverting useful industrial assets from landfills and maintaining an ethical supply chain through comprehensive post-sale account activity oversight of financial assets.

Heritage Global Inc. operates through two main business units: Industrial Assets and Financial Assets. Within the Industrial Assets segment, the company has three primary revenue streams:

  • Heritage Global Partners (HGP): A globally recognized, full-service auction, liquidation, and asset advisory firm with a strong foothold in the industrial sector.
  • Heritage Global Valuations (HGV): Specializes in the valuation of commercial and industrial assets, including inventories and machinery.
  • Asset Refurbishment and Resale: Focuses on refurbishing and reselling used industrial machinery and equipment.

The Financial Assets segment involves the brokerage and specialty lending services, addressing the needs of account receivable portfolios and intellectual property transactions. Heritage Global Inc. has established itself as a reliable advisor and broker, helping clients manage and monetize their industrial and financial assets efficiently.

Heritage Global Inc. has made significant strides in recent years, expanding its global reach and enhancing its service offerings. It generates maximum revenue through its Auction and Liquidation segment, underscoring its expertise in the field. The company continues to innovate and adapt to market demands, positioning itself as a leader in asset monetization and ethical supply chain management.

Stay tuned for the latest news and updates on Heritage Global Inc. as the company continues to grow and navigate the ever-evolving industrial and financial landscapes.

News

Heritage Global Inc. Reports Full Year 2023 Operating Income of $14.3 Million; Achieves $4.6 Million in Operating Income for Fourth Quarter 2023

Rhea-AI Summary
Heritage Global Inc. (NASDAQ: HGBL) reports a full year growth of 83% in operating income for 2023. The company achieved operating income of $14.3 million for the year, with net income of $12.5 million. EBITDA and Adjusted EBITDA also showed significant increases. CEO Ross Dove highlighted the success in the Financial Asset and Industrial divisions, attributing the growth to macro-economic trends. The company's strong balance sheet and stock repurchase program demonstrate financial stability and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
earnings
-
News

Planet MicroCap Review Magazine for Winter/Spring 2024 Now Online

Rhea-AI Summary
Planet MicroCap announces the release of Winter/Spring 2024 Issue of Planet MicroCap Review Magazine featuring profiles on public MicroCap companies and articles from industry experts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
none
-
News

Heritage Global to Announce Fourth Quarter and Year-End 2023 Results and Host Webcast on Thursday, March 14, 2024

Rhea-AI Summary
Heritage Global Inc. (NASDAQ: HGBL) announces the release of its fourth quarter and year-end 2023 financial results, with a webcast and conference call scheduled for March 14, 2024, to discuss the results. Analysts and investors can participate via phone or web browser, with a replay available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
none
News

Heritage Global, Inc. to Present at The Microcap Conference on Wednesday, January 31 and Thursday, February 1, 2024

Rhea-AI Summary
Heritage Global, Inc. (NASDAQ: HGBL) will participate in The Microcap Conference on January 31 and February 1, 2024, at Caesars Atlantic City Hotel & Casino, New Jersey. CEO Ross Dove will present the company's vision and strategies, emphasizing transparency and growth. Interested parties can register to attend the conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
conferences
-
News

Heritage Global, Inc. to Present at the Sequire Investor Summit in Puerto Rico

Rhea-AI Summary
Heritage Global, Inc. (NASDAQ: HGBL) announced that its CEO will be presenting at the upcoming Sequire Investor Summit 2024, offering opportunities for funds, companies, and investors. The event is scheduled for January 23-25, 2024, in San Juan, Puerto Rico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
conferences
-
News

Heritage Global Partners, New Mill Capital, Federal Equipment Company and Keith Machinery Corp Acquire Pharmaceutical Site from Alkem Laboratories

Rhea-AI Summary
Heritage Global Partners (HGP) and partners acquire a state-of-the-art pharmaceutical plant in Fenton, Missouri, previously owned by Alkem Laboratories. The facility is equipped to manufacture and package tablets, capsules, semi-solids, and liquids, with a stated capacity of 265 million compressed tablets/capsules per annum, 35 million units of semi-solids per annum, and 1.3 million liquid units. The facility is located in a prime area near STL airport and all major highways. HGP 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News

Heritage Global Inc. Reports Strong Third Quarter 2023 Results

Rhea-AI Summary
Heritage Global Inc. (NASDAQ: HGBL) reported 110% growth in operating income for the first nine months of 2023, driven by strong performance in its Financial Assets division. The company's net income per share increased to $0.20 from $0.15 in the same period last year. The report also highlights the impact of consumer debt levels on asset flow and the company's strategy to capitalize on the opportunities in its Industrial and Financial Asset divisions, positioning itself for continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.25%
Tags
earnings
-
News

Heritage Global Valuations Appoints Gina Griffin as Senior Vice President

Rhea-AI Summary
Heritage Global Valuations, a division of Heritage Global Inc., has appointed Gina Griffin as Senior Vice President. Griffin brings over two decades of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce. She has previously worked at Gordon Brothers and has been serving as a valuation consultant for HGV since 2021. Griffin's appointment is expected to strengthen HGV's position in the market and drive the firm's growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
management
-
News

Heritage Global, Inc. to Present at the Fall Foliage MicroCap Rodeo Conference on Wednesday, October 25, 2023

Rhea-AI Summary
Heritage Global CEO to present at Fall Foliage MicroCap Rodeo Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
conferences
News

Heritage Global to Present at the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector, Presented by Maxim Group on Wednesday, October 11, 2023

Rhea-AI Summary
Heritage Global, Inc. to present at Virtual Tech Conference Series
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
conferences

FAQ

What is the current stock price of HERITAGE GLOBAL (HGBL)?

The current stock price of HERITAGE GLOBAL (HGBL) is $1.6419 as of October 4, 2024.

What is the market cap of HERITAGE GLOBAL (HGBL)?

The market cap of HERITAGE GLOBAL (HGBL) is approximately 60.8M.

What does Heritage Global Inc. do?

Heritage Global Inc. specializes in acquiring, disposing of, valuing, and lending services for surplus and distressed industrial and financial assets.

What are the main business units of Heritage Global Inc.?

The main business units are Industrial Assets and Financial Assets.

How does Heritage Global Inc. contribute to the circular economy?

The company diverts useful industrial assets from landfills and oversees post-sale account activity, ensuring an ethical supply chain.

What is Heritage Global Partners (HGP)?

HGP is a full-service auction, liquidation, and asset advisory firm with a prominent position in the global industrial sector.

What services does Heritage Global Valuations (HGV) offer?

HGV specializes in the valuation of commercial and industrial assets, including inventories and machinery.

What is the primary revenue stream for Heritage Global Inc.?

The primary revenue stream comes from the Auction and Liquidation segment.

How does Heritage Global Inc. handle financial assets?

The company provides brokerage and specialty lending services, focusing on account receivable portfolios and intellectual property transactions.

What recent achievements has Heritage Global Inc. made?

Heritage Global Inc. has expanded its global reach and enhanced its service offerings, positioning itself as a leader in asset monetization.

What are some examples of assets Heritage Global Inc. deals with?

The company deals with turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and financial assets.

Where can I find the latest news on Heritage Global Inc.?

The latest news and updates can be found on the company's official website and financial news platforms.

Stock HGBL logo
HERITAGE GLOBAL INC

Nasdaq:HGBL

HGBL Rankings

#4689 Ranked by Market Cap
N/A Ranked by Dividends

HGBL Stock Data

60.77M
37.34M
15.92%
31.99%
0.08%
Capital Markets
Services-business Services, Nec
Link
United States of America
SAN DIEGO