Heritage Global Inc.: insider trades · United States · SEC (Form 4)

About Heritage Global Inc.

Heritage Global Inc. (ticker: HGBL) is a US-based company listed on NASDAQ in the United States, focused on valuing and monetizing industrial and financial assets. The business traces its roots back to 1937, which gives it a long operating history in specialized asset brokerage and advisory services. The company is headquartered in San Diego, California, placing it in a strong US services and financial hub with good access to industrial, legal, and restructuring ecosystems. Heritage Global operates through two core business units: Industrial Assets and Financial Assets. The Industrial Assets segment is centered on advisory, acquisition, and brokerage services for turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, and related real estate. The Financial Assets segment focuses on charged-off receivable portfolios and related post-sale servicing, including valuation, acquisition, and monetization activities. In practice, this means the company sits at the intersection of distressed assets, industrial liquidation, business restructuring, and niche transaction advisory. From an investor perspective, HGBL is best understood as a specialized small-cap financial services name rather than a traditional bank or broad-based asset manager. Its competitive edge lies in asset identification, valuation expertise, and the ability to source, structure, and monetize hard-to-sell assets through a network of corporate, financial, and institutional counterparties. That specialization can be a meaningful differentiator in distressed markets, where execution capability and domain knowledge often matter more than balance-sheet scale. The company’s market position is niche but distinct. Heritage Global is not competing on mass-market banking products; instead, it is competing on transaction execution, asset recovery, and advisory depth in segments that are less efficiently covered by larger financial institutions. Its industrial activities also align with the circular economy theme, since useful equipment and facilities can be redirected into productive use rather than scrapped. Recent developments include the release of full-year 2025 results in March 2026, with the company reporting positive operating income and profitability at the annual level. Investors are also watching SEC Form 4 insider transaction activity closely, including recent insider sales and equity awards. Overall, Heritage Global remains a focused, specialized operator with exposure to cyclical but potentially attractive opportunities in industrial and financial distressed assets, supported by a long operating history and a US domestic platform.