Welcome to our dedicated page for Hg Holdings SEC filings (Ticker: STLY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
HG Holdings, Inc. filings document public-company reporting matters, including material-event disclosures, governance actions, capital-structure information, and financial-reporting oversight. The company's Form 8-K record includes a change in independent registered public accounting firm approved through the Audit Committee, related statements about audit opinions and disagreements, and disclosure that no securities are registered under Section 12(b) of the Exchange Act.
HG Holdings, Inc. reported stronger results for the three months ended March 31, 2026. Total revenue rose to $3.8 million from $2.7 million a year earlier, driven by higher Florida title activity and $1.5 million of management fees from related parties under a services agreement.
Net income attributable to shareholders was $0.5 million, compared with a net loss of $0.3 million in 2025, and basic and diluted EPS improved to $0.10 from ($0.09). Cash and cash equivalents totaled $10.7 million, with an additional $9.8 million of restricted cash held mainly in escrow accounts.
The title insurance segment generated $1.6 million of net premium written and $0.7 million of escrow and other fees, while the Corporate and Other segment contributed recurring advisory revenue and income from investments in related parties. The company repurchased 60,240 shares for about $0.3 million under a $1.5 million authorization and reported NCTIC statutory surplus of $9.1 million, above the $3.0 million Florida minimum.
HG Holdings, Inc. saw accounts managed by Solas Capital Management report an open-market sale of 60,240 shares of common stock at $4.75 per share. Following the transaction, the reporting accounts held 702,487 shares indirectly, with Solas Capital and Frederick Tucker Golden each disclaiming beneficial ownership beyond any pecuniary interest.
HG Holdings, Inc. operates mainly through its Florida-focused title insurer NCTIC and related title agencies, plus a corporate segment providing management services and holding a 28.0% voting stake in HC Government Realty Trust.
Effective January 1, 2025, the company simplified reporting into two segments: Title Insurance and Corporate and Other, with prior periods recast. Title revenues depend heavily on cyclical real estate and mortgage markets, especially in Florida where rates are state-promulgated. In 2025, total revenue rose to $14.7 million from $11.5 million, driven by higher affiliated title volume and management fees.
The Corporate and Other segment is anchored by related-party advisory contracts, including a three-year Master Services Agreement with HP Risk Solutions at $6 million per year, and other expiring mandates with HPMA and an affiliated intermediary. Two related-party customers represented 23.8% and 11.3% of 2025 consolidated revenue, creating notable concentration risk. HG Holdings also highlights extensive risk factors around economic conditions, title-claim reserving, cybersecurity, potential regulation as an investment company, and reliance on HC Realty’s U.S. government–backed lease portfolio. The company recorded a small loss before income taxes and actively repurchased shares, buying 606,055 shares in 2025, leaving 5,107,035 common shares outstanding as of March 24, 2026.
HG Holdings, Inc. insider entities associated with Steven A. Hale II reported a sale of common stock and updated their indirect holdings. On 12/10/2025, Clark - Hale Fund, L.P. disposed of 97,678 shares of HG Holdings common stock at a price of $4.25 per share, reported as an indirect transaction. After this, the reporting structure shows indirect beneficial ownership of 1,550,439 shares by Hale Partnership Fund, L.P., 376,689 shares by Hale ICFG Fund, L.P., 63,100 shares by MGEN II - Hale Fund, L.P., 187,243 shares by Smith - Hale Fund, L.P., and 87,704 shares by Dickinson - Hale Fund, L.P. The filing states that Hale Partnership Capital Advisors, LLC, Hale Partnership Capital Management, LLC, and Mr. Hale may be deemed beneficial owners of these shares but each disclaims beneficial ownership except to the extent of pecuniary interest.
HG Holdings, Inc. received an updated Schedule 13D/A from investment entities associated with Steven A. Hale II, reporting a controlling stake in the company. The reporting group now beneficially owns 3,804,935 shares of common stock, representing about 74.5% of the 5,107,035 shares outstanding. This ownership comes through several Hale-managed funds, a separately managed account, and 27,777 shares held directly by Mr. Hale as vested restricted stock granted for his role as Chairman and CEO.
The filing notes that on December 10, 2025 the company repurchased 97,678 shares from Clark - Hale Fund, L.P. at $4.25 per share for a total of $415,131.50, after which that fund no longer holds HG Holdings stock. It also references earlier transactions in April 2025 in which Hale funds and a managed account contributed ACMAT Corporation shares to HG Holdings in exchange for a total of 2,899,876 HG Holdings shares, and a services agreement under which HG Holdings will provide operational and managerial services to an affiliate of Mr. Hale for $6 million per year over three years.
HG Holdings, Inc. reported stronger results for Q3 2025 as it expanded its mix of title operations and fee-based services. Total revenue was $4.12 million (up from $3.07 million a year ago), driven by $1.89 million in net premiums written, $0.73 million in escrow and other title fees, and $1.50 million in management fees from related parties. Net income rose to $1.29 million, or $0.23 per share, versus $0.17 million in the prior-year quarter.
For the nine months ended September 30, 2025, revenue reached $10.90 million and net income was $1.96 million, a turnaround from a small loss in 2024. Cash and cash equivalents were $10.31 million, with restricted cash of $10.55 million, and total assets of $55.01 million as of September 30, 2025.
During 2025, the company executed notable capital and strategic actions: it entered a Master Services Agreement effective June 1, 2025 providing services for $6 million per year over three years; issued 2,899,876 shares to acquire a 39.1% equity interest (10.4% voting power) in ACMAT; repurchased 402,322 shares for $3,138,112 at $7.80 per share; and reduced authorized shares to 7,000,000 common and 1,000,000 preferred. Shares outstanding were 5,204,713 as of November 11, 2025.
HG Holdings, Inc. announced a change in its independent auditor. After the partners and staff of Horne LLP joined BDO USA, P.C., Horne resigned as the Company’s independent registered public accounting firm effective November 1, 2025, and the Audit Committee approved the appointment of BDO as the new auditor effective the same date.
The Company did not consult BDO on accounting principles, specific transactions, or potential audit opinions prior to the engagement. Horne’s reports on the Company’s financial statements for the years ended December 31, 2024 and December 31, 2023 contained no adverse opinion or disclaimer and were not qualified or modified. The Company reports no disagreements with Horne on accounting, disclosure, or audit scope during those periods and through the resignation date. Horne’s concurrence letter is filed as Exhibit 16.1.