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Heritage Global Inc. Stock: price and insider trades · United States
4 insiders bought €436k of shares over the last 90 days, the latest by Burnham William L, filed 29 Sept 2026.
Heritage Global Inc.: what insiders have been doing
Heritage Global Inc., classified in the Finance & Banking sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). Between 23 October 2025 and 23 October 2026, 11 insiders published 19 filings.
Both sides are active: 5 purchases worth €463k and 8 sales worth €379k, from 4 insiders and 2 insiders respectively. On balance, insiders were net buyers of €84k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Biggest ticket of the year: €351k, sold by Dove Ross and made public on 29 September 2026 (0.88% of market cap). The buyers include 2 chief executives, 1 finance chief and 1 senior executive.
Compared with its exchange (3,168 companies, median 24 filings), a count of 19 filings is below the norm. Looking back to 2016, when coverage begins, insiders filed 99 purchases and 72 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 51.0 m USD and net income at 3.6 m USD.
In the case of 3 purchases, another manager of the company was buying within the same 30 days. Purchases made close together by different insiders form what is called a cluster. The last insider purchase was made public on 29 September 2026, 24 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. For comparison, the SEC allows two business days to file a Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Elsewhere in the same sector, our signals recently picked up insider purchases at ASR Nederland N.V. and Avarda Bank AB. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
281
Thresholds
n/a
Buy Volume
€5M
99 ops. · all time
Sell Volume
€5M
72 ops. · all time
Who traded when
BuySaleDavid Van Ludwig14 sales
James Edward Sklar8 sales
Nicholas Kirk Dove2 buys
Brian J. Cobb1 buy
Bruce Kenneth Hounsell1 buy
Ross Dove1 sale
+1 other insider
Since the insiders bought
- +11.3%Entry US$1.15 · Close 21 Oct 2026 US$1.28
- +6.7%Entry US$1.20 · Close 21 Oct 2026 US$1.28
- +6.7%Entry US$1.20 · Close 21 Oct 2026 US$1.28
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 12,706 of 26,246 companies
52.3
score / 100
Value59
Quality46
FCF yld-5.3%
Earn yld8.1%
EV/EBITDA7.4x
ROE-24%
Gross mgn27%
Net mgn7.0%
Debt/EBITDA0.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$1.28
Analyst consensus
4 analysts1.25/5
US$2.00Target US$2.63(+105%)US$3.50
Income statement
RevenueUS$51M
Gross profitUS$13.8M27% margin
EBITDAUS$6.8M13% margin
Net incomeUS$3.6M-29.6% margin
Valuation
PER (trailing)11.9x
PER (forward)8.3x
P/Book0.9x
Beta0.45
Balance sheet & cash
Market capUS$44.3M
Total debtUS$5.7M
Free Cash Flow-US$2.3M
Debt / Equity10%
Profitability & ownership
ROE-24.3%
ROA-0.1%
% insiders11.6%
% institutions37.0%
Last declaration on 2 October 2026
Declarations281 total
2,500 shares@ US$1.270.0069% mcap3.4% of flowCommon StockSEC:0001193125-26-412204:0
2,500 shares@ US$1.300.0071% mcap100.0% of flowCommonSEC144:0001950047-26-009958
300,000 shares@ US$1.330.88% mcap44.7% of flowCommon StockSEC:0001193125-26-407272:0
300,000 shares@ US$1.330.88% mcap100.0% of flowCommon StockSEC:0001193125-26-407271:0
Canonical exit: 24 Dec 2026 (T+90)
20,000 shares@ US$1.100.047% mcap18.9% of flowCommon StockSEC:0001193125-26-359359:0
Canonical exit: 18 Nov 2026 (T+90)
10,000 shares@ US$1.13950.024% mcap100.0% of flowCommon StockSEC:0001193125-26-354151:0
Canonical exit: 15 Nov 2026 (T+90)
60,000 shares@ US$1.0990.14% mcap30.5% of flowCommon StockSEC:0001193125-26-353994:0
Canonical exit: 15 Nov 2026 (T+90)
26,000 shares@ US$1.2150.063% mcap14.6% of flowCommon StockSEC:0001193125-26-240757:0
Canonical exit: 19 Aug 2026 (T+90)
3,734 shares@ US$1.355.4% of flowCommon StockSEC:0001193125-26-140013:0
20,000 shares0Common StockSEC:0001193125-26-127914:0
20,000 shares0Common StockSEC:0001193125-26-126171:0
20,000 shares0Common StockSEC:0001193125-26-126170:0
20,000 shares0Common StockSEC:0001193125-26-126169:0
20,000 shares0Common StockSEC:0001193125-26-126168:0
3,734 shares@ US$1.305.2% of flowCommon StockSEC:0001193125-26-088643:0
3,734 shares@ US$1.375.4% of flowCommon StockSEC:0001193125-26-035445:0
3,734 shares@ US$1.234.9% of flowCommon StockSEC:0001193125-26-002346:0
3,734 shares@ US$1.315.3% of flowCommon StockSEC:0001193125-25-305226:0
3,734 shares@ US$1.435.8% of flowCommon StockSEC:0001193125-25-264602:0
7,468 shares@ US$1.6313.0% of flowCommon StockSEC:0001193125-25-228262:0
25,094 shares@ US$2.1111.3% of flowCommon StockSEC:0000950170-25-045182:0
4,727 shares@ US$2.1111.6% of flowCommon StockSEC:0000950170-25-045183:0
6,408 shares@ US$2.1112.5% of flowCommon StockSEC:0000950170-25-045184:0
7,000 shares@ US$1.973.5% of flowCommon StockSEC:0000950170-25-037887:0
20,000 shares0Common StockSEC:0000950170-25-036407:0
25 of 281 declarations
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.
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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.
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