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. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. Its news flow reflects activity across both of its main divisions, Industrial Assets and Financial Assets, and offers insight into auctions, acquisitions, portfolio transactions, and corporate developments.
On the industrial side, news often highlights the work of Heritage Global Partners (HGP), a subsidiary that conducts full-service auctions, liquidations, and asset advisory projects. Recent announcements have covered court-ordered auctions of brewing and restaurant equipment from multiple former brewpub locations, large-scale sales of apparel inventory and industrial laundry equipment from a clothing logistics company, and auctions of brand-new and returned inventory from a maternity apparel brand. These stories illustrate HGP’s role in court-appointed processes and in monetizing specialized equipment and inventories across many sectors.
On the financial side, Heritage Global’s news includes updates from its Financial Assets division, such as the creation of Heritage DebtX LLC and its acquisition of substantially all of the assets of The Debt Exchange, Inc. (DebtX), a full-service loan sale advisor. Coverage of this transaction explains how Heritage DebtX adds loan-portfolio advisory and valuation services, proprietary market-transaction data, and execution support for banks, specialty-finance companies, government agencies, and institutional investors.
Investors and other readers can also find regular earnings releases, which discuss quarterly results, non-GAAP measures like EBITDA and Adjusted EBITDA, capital allocation decisions such as share repurchases, and commentary on auction volumes and financial asset activity. For those tracking HGBL, this news page provides a centralized view of operational milestones, court-approved auction mandates, and strategic moves in both industrial and financial asset markets.
Heritage Global (NASDAQ: HGBL) will release its second quarter 2022 financial results on August 10, 2022, after market close. Management will hold a webcast and conference call at 5:00 pm ET on the same day to discuss these results. Participants can join via conference call, with dial-in numbers provided for both domestic and international callers. A replay will be available approximately two hours after the call, accessible through the company's website until August 24, 2022. Heritage Global specializes in asset services including acquisitions, dispositions, and valuations across diverse sectors.
Heritage Global Inc. (NASDAQ: HGBL) announced significant growth in net operating income (NOI) for Q2 2022, with expectations ranging from
Heritage Global (NASDAQ: HGBL) has appointed Brian Cobb as Chief Financial Officer, effective immediately. Cobb, who joined the company in 2017, has held various roles including Vice President of Finance. He will oversee all financial activities, including accounting, financial reporting, and investor relations, supporting the company’s growth objectives. CEO Ross Dove praised Cobb for his contributions and alignment with the company's values. Heritage Global specializes in financial and industrial asset transactions, offering services across 28 global sectors.
Heritage Global Inc. (NASDAQ: HGBL) reported its Q1 2022 financial results, showing net income of $645K or $0.02 per share, a decline from the previous year's $1.0M. Operating income also fell to $875K. EBITDA reached $1.0M, down from $1.1M in Q1 2021. The company anticipates closing two real estate transactions contributing over $2.5 million in profit and has initiated a $4 million share repurchase program. CEO Ross Dove expressed optimism about 2022, targeting net operating income exceeding $6.1 million.
Heritage Global Inc. (NASDAQ: HGBL), an asset services company, will release its first quarter 2022 financial results on May 12, 2022, after market close. A conference call will take place at 5:00 pm ET on the same day, allowing analysts and investors to discuss the results. Participants can join via specific dial-in numbers provided in the release. A replay of the call will be available on the company's website until May 26, 2022. Heritage Global specializes in financial and industrial asset transactions, providing various asset-related services across multiple sectors.
Heritage Global (NASDAQ: HGBL) announced the appointment of Ashley Arens-Yager as Assistant Vice President – Sale Operations at its subsidiary, National Loan Exchange (NLEX). With over 16 years in the debt buying industry, she brings significant expertise, having generated approximately $200 million annually in portfolio acquisitions. Her role will focus on enhancing NLEX's operations and supporting internal growth initiatives. NLEX has executed over 5,000 sales worth more than $150 billion in transactions in its 25-year history.
Heritage Global Inc. (NASDAQ: HGBL) has acquired two pharmaceutical plants in Missouri in partnership with New Mill Capital, Keith Machinery, and Federal Equipment Company. The Bridgeton plant spans 124,000 square feet and features advanced manufacturing and packaging facilities, having passed multiple FDA compliance audits since 2012. The St. Louis site, at 99,000 square feet, will auction its equipment. The acquisition aims to enhance market presence in the pharmaceutical sector and supports quick operational startup.
Heritage Global Inc. (NASDAQ: HGBL) announced that CEO Ross Dove will present at the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28-30, 2022. Dove's talk, titled "Fireside Chat with Heritage Global Inc.," is scheduled for March 29 at 1:30 p.m. ET. This conference will feature executives from various sectors, including Biotech, Clean Energy, and Financial Services, offering presentations, discussions, and live Q&A sessions. Interested participants can sign up for M-Vest to attend.
Heritage Global Inc. (NASDAQ: HGBL) announced that Andrew Valko has joined Heritage Global Valuations as Director of Sales. Valko, with nearly 20 years of experience, will oversee business development in the Midwest, focusing on asset valuation and advisory services. His previous role involved coordinating appraisal needs at B. Riley Advisory Services. Valko's appointment reflects the company's commitment to enhancing its market presence and client service in the Midwest. The leadership change aims to strengthen client relationships and accelerate growth in valuation services.
Heritage Global Inc. (NASDAQ: HGBL) reported its fourth quarter and full year 2021 results, showcasing a sequential increase in operating income, which rose more than 160% to $1.4 million compared to $0.5 million in Q3 2021. However, net income decreased to $1.0 million from $6.3 million in Q4 2020, reflecting prior year benefits from a real estate transaction. The company anticipates growth in non-performing loans and sees opportunities in sustainable asset disposal. Equity rose to $32.6 million, signaling financial stability.
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