Heritage Global Inc Stock Price, News & Analysis

Heritage Global Inc. (NASDAQ: HGBL) announced it will release its fourth quarter and year-end 2021 financial results after market close on Thursday, March 10, 2022. A conference call and webcast to discuss these results will also take place on the same day at 5:00 PM ET, with participation details provided. The call will be accessible via the company's website, and a replay will be available shortly after the call until March 24, 2022. Heritage Global specializes in asset services, including market making and asset monetization across diverse sectors.

Heritage Global Inc. (NASDAQ: HGBL) appointed Shirley S. Cho to its board of directors effective December 20, 2021, replacing Brendan Ryan. Ms. Cho brings over 20 years of legal experience in restructuring and bankruptcy, having advised multiple major companies. She will also serve on the Compensation Committee. CEO Ross Dove and Chairman Sam Shimer expressed confidence in her contributions to the Company's growth in industrial and financial asset transactions.

Heritage Global Partners has announced an online auction for surplus assets from Molded Fiber Glass Companies, set to run from December 14 to December 15, 2021. The auction will include high-value items such as straddle carriers and overhead bridge cranes, with a new cost listed at $1.5 million for certain equipment. This event is expected to attract significant buyer interest, as emphasized by Senior VP Matt DelGuidice. The auction details are available on their website.

Heritage Global Inc. (NASDAQ:HGBL) reported its Q3 2021 financial results, revealing a net income decrease to $0.5 million from $1.3 million in Q3 2020. Operating income dropped from $1.6 million to $0.5 million year-over-year. Despite lower asset flow, the company noted improvement in its Industrial Assets Division, with operating income rising to $0.7 million from $0.4 million in Q2. An acquisition of American Laboratory Trading was highlighted as a strategic move to enhance service offerings. The company remains optimistic about future asset flows.

Heritage Global Partners (NASDAQ: HGBL) announced an online auction for surplus aircraft parts from Jet X Aerospace, scheduled for November 9-10, 2021. This partnership with Cloud Investment Partners aims to meet the growing demand for older aircraft components as the commercial airline market rebounds post-COVID-19. The sale includes FAA-certified parts and various serviceable inventories. Executives from both companies anticipate a robust auction due to increased demand for aircraft maintenance and parts.

Heritage Global Inc. (NASDAQ: HGBL) has announced the release of its third quarter financial results, scheduled for after market close on November 10, 2021. Management will host a conference call and webcast on the same day at 5:00 pm ET to discuss the results. The conference call can be accessed by both domestic and international participants. A replay will be available approximately two hours after the live event and can be accessed through the company's website until November 24, 2021.

For more information, visit www.hginc.com.

Heritage Global (NASDAQ: HGBL) will present at the 14th annual LD Micro Main Event on October 12, 2021, at 9:00 AM PT/12 noon ET in Los Angeles. CEO Ross Dove will lead the presentation and engage in one-on-one meetings throughout the event, which runs from October 12-14. The conference will feature around 150 companies presenting over the three days, with keynotes and networking opportunities. This marks a key moment post-pandemic for investor relations and engagement.

Heritage Global Inc. (NASDAQ: HGBL) announces CEO Ross Dove's participation in Lake Street Capital’s 5th Annual Best Ideas Growth Conference on September 14, 2021. The company specializes in financial and industrial asset transactions, offering services such as market making, acquisitions, valuations, and secured lending. Heritage Global focuses on monetizing assets across 28 global sectors, acting as both adviser and principal. The company emphasizes the importance of understanding market conditions and potential risks affecting future performance.

Heritage Global Partners has partnered with ViciNFT Corporation to co-manage NFT auctions. This collaboration aims to tap into the $2.5 billion NFT market, utilizing ViciNFT's expertise in digital assets and blockchain technology. Heritage will serve as the preferred marketplace for upcoming auctions, starting with the second series of Michelle Phillips' NFTs, which previously generated $100,000 in revenues. The partnership is expected to drive growth and significant revenue potential for both companies.