Heritage Global (NASDAQ:HGBL) CEO Ross Dove Sells 300,000 Shares of Company Stock

Posted by George Bondi on Sep 29th, 2026

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) CEO Ross Dove sold 300,000 shares of Heritage Global stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $1.33, for a total value of $399,000.00. Following the completion of the transaction, the chief executive officer owned 2,021,917 shares of the company’s stock, valued at $2,689,149.61. The trade was a 12.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Heritage Global Stock Down 0.8%

Shares of HGBL stock traded down $0.01 during trading hours on Tuesday, reaching $1.30. 67,103 shares of the stock were exchanged, compared to its average volume of 192,392. The business’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 1.29. Heritage Global Inc. has a 12-month low of $1.01 and a 12-month high of $1.72. The firm has a market capitalization of $45.03 million, a P/E ratio of -3.17 and a beta of 0.46.

Heritage Global (NASDAQ:HGBL – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.50). Heritage Global had a positive return on equity of 6.12% and a negative net margin of 29.63%.The firm had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $13.29 million.

Institutional Trading of Heritage Global

Several institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. acquired a new position in shares of Heritage Global in the 2nd quarter valued at $2,446,000. Militia Capital Management LLC acquired a new stake in Heritage Global during the 1st quarter worth $767,000. Evernest Financial Advisors LLC purchased a new stake in Heritage Global in the first quarter valued at $274,000. Finally, BlackRock Inc. purchased a new stake in Heritage Global in the second quarter valued at $204,000. Hedge funds and other institutional investors own 33.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Lake Street Capital lowered their target price on shares of Heritage Global from $4.50 to $3.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Weiss Ratings upgraded Heritage Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.00.

Read Our Latest Stock Report on HGBL

Heritage Global Company Profile

(Get Free Report)

Heritage Global, Inc (NASDAQ:HGBL) is an asset services company that helps businesses, lenders, governments and other organizations monetize surplus, specialized and distressed assets. Through its operating subsidiaries, the company provides auction, liquidation, brokerage, valuation and advisory services for industrial, commercial and financial assets.

Heritage Global’s services include live and online auctions, negotiated sales, asset appraisals, valuations, inventory management and other capital-recovery solutions.