Heritage Global Inc.(HGBL)Stock Analysis
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Rank #2,485 of 2,962 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
HGBL Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Heritage Global Inc. (HGBL), a Industrials sector company. 13F Pro's AI-powered ranking engine scores HGBL at 30.5/100 on a 32-signal composite quality model, placing it at rank #2,485 of 2,962 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (8.3) and revenue growth (13.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 42.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Heritage Global Inc. reports quarterly revenue of $12.3M, net income of $-15.9M, free cash flow of $1.4M. Top institutional holders of HGBL by reported 13-F value include Mink Brook Asset Management, PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, Topline Capital Management, based on the most recent SEC filings. HGBL trades on the Nasdaq exchange and files with the SEC under CIK 849145. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HGBL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Heritage Global Inc. directly from SEC EDGAR. Heritage Global Inc.'s 13F Pro composite quality score has ranged between 23 and 71 since 2021, currently 30.5 — a declining long-term trajectory across 68 quarterly and live scoring snapshots.
Revenue
Q2 2026
$12.3M
Net Income
Q2 2026
$-15.9M
Free Cash Flow
Q2 2026
$1.4M
D/E Ratio
Q2 2026
0.08
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+12.4% YoYNet Income
-30.8% YoYOperating Income
-37.0% YoYEPS (Diluted)
-28.6% YoYTotal Assets
+8.8% YoYTotal Debt
Op. Cash Flow
-20.8% YoYFree Cash Flow
-130.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $51.0M +12.4% | $45.4M -25.1% | $60.5M +29.1% | $46.9M +81.9% | $25.8M -1.5% | $26.2M |
| Net Income | $3.6M -30.8% | $5.2M -58.5% | $12.5M -19.5% | $15.5M +407.5% | $3.1M -68.4% | $9.7M |
| Operating Income | $5.7M -37.0% | $9.1M -36.7% | $14.3M +28.8% | $11.1M +268.9% | $3.0M -50.3% | $6.1M |
| EPS (Diluted) | $0.10 -28.6% | $0.14 -57.6% | $0.33 -21.4% | $0.42 +425.0% | $0.08 -73.3% | $0.30 |
| Total Assets | $88.4M +8.8% | $81.3M -2.2% | $83.2M +23.1% | $67.6M +33.9% | $50.5M +13.3% | $44.6M |
| Total Debt | — | — | $7.2M | — | — | — |
| Operating Cash Flow | $6.1M -20.8% | $7.7M -40.5% | $13.0M +100.8% | $6.5M +346.4% | $-2.6M -128.8% | $9.1M |
| Free Cash Flow | $-2.3M -130.7% | $7.6M -40.4% | $12.8M +103.6% | $6.3M +254.5% | $-4.1M -144.4% | $9.1M |
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Available Research
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Top Institutional Holders of HGBL
Mink Brook Asset Management LLC
$2.8M2,273,077 shPUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
$2.4M2,021,458 shTopline Capital Management, LLC
$2.2M1,785,488 shVANGUARD CAPITAL MANAGEMENT LLC
$1.7M1,393,638 shTruffle Hound Capital, LLC
$1.3M1,100,000 shKoshinski Asset Management, Inc.
$1.1M917,304 shMilitia Capital Management LLC
$682.3K563,873 shGEODE CAPITAL MANAGEMENT, LLC
$434.9K359,349 shRENAISSANCE TECHNOLOGIES LLC
$302.0K249,617 shRidgewood Investments LLC
$268.8K222,165 sh
| Fund | Value | Shares |
|---|---|---|
| Mink Brook Asset Management LLC | $2.8M | 2,273,077 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $2.4M | 2,021,458 |
| Topline Capital Management, LLC | $2.2M | 1,785,488 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.7M | 1,393,638 |
| Truffle Hound Capital, LLC | $1.3M | 1,100,000 |
| Koshinski Asset Management, Inc. | $1.1M | 917,304 |
| Militia Capital Management LLC | $682.3K | 563,873 |
| GEODE CAPITAL MANAGEMENT, LLC | $434.9K | 359,349 |
| RENAISSANCE TECHNOLOGIES LLC | $302.0K | 249,617 |
| Ridgewood Investments LLC | $268.8K | 222,165 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is HGBL a good stock to buy?
13F Pro's AI-powered analysis of Heritage Global Inc. (HGBL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HGBL are available on the HGBL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. HGBL is classified as a small company.
Which hedge funds own HGBL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HGBL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Heritage Global Inc.'s investment landscape.