Heritage Global Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:HGBL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
20 Mar 24	BuyUS$20,067	Ross Dove	Individual		7,297	US$2.75
19 Mar 24	BuyUS$14,400	Nicholas Dove	Individual		5,000	US$2.88

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HGBL?
Owner Type	Number of Shares	Ownership Percentage
Hedge Funds	3,794,117	10.4%
Individual Insiders	4,545,628	12.5%
Institutions	9,724,017	26.8%
General Public	18,279,799	50.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 48.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.88%	Punch & Associates Investment Management, Inc.	2,501,000	US$5.5m	-0.81%	0.3%
6.34%	Ross Dove	2,302,656	US$5.1m	0%	no data
5.3%	Topline Capital Management, LLC	1,927,096	US$4.3m	-20.5%	0.68%
5.18%	The Vanguard Group, Inc.	1,882,365	US$4.2m	-0.6%	no data
5.14%	Mink Brook Asset Management LLC	1,867,021	US$4.1m	0%	4.15%
2.78%	Koshinski Asset Management, Inc.	1,009,304	US$2.2m	-4.72%	0.2%
2.61%	David Ludwig	947,479	US$2.1m	-11%	no data
1.79%	Truffle Hound Capital, LLC	650,000	US$1.4m	0%	0.67%
1.4%	Ancora Advisors LLC	508,269	US$1.1m	-2.19%	0.02%
1.19%	Herr Investment Group LLC	432,900	US$956.7k	0%	0.28%
1.1%	Wynnefield Capital, Inc.	401,030	US$886.3k	0%	0.42%
1%	Geode Capital Management, LLC	361,632	US$799.2k	7.82%	no data
0.94%	Renaissance Technologies LLC	339,817	US$751.0k	2.79%	no data
0.86%	Samuel Shimer	312,500	US$690.6k	0%	no data
0.85%	Perritt Capital Management, Inc.	307,798	US$680.2k	-0.24%	0.35%
0.78%	James Sklar	283,876	US$627.4k	0%	no data
0.66%	Dimensional Fund Advisors LP	240,241	US$530.9k	-28.8%	no data
0.64%	Michael Hexner	232,104	US$513.0k	0%	no data
0.62%	Ridgewood Investments LLC	225,577	US$498.5k	0.89%	0.23%
0.61%	Brian Cobb	219,913	US$486.0k	132%	no data
0.46%	Mutual Advisors, LLC	167,530	US$370.2k	0%	0.01%
0.38%	BlackRock, Inc.	138,719	US$306.6k	-3.42%	no data
0.32%	State Street Global Advisors, Inc.	117,766	US$260.3k	14.4%	no data
0.28%	Nicholas Dove	100,000	US$221.0k	0%	no data
0.21%	Susquehanna International Group, LLP, Asset Management Arm	76,179	US$168.4k	16.2%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/20 13:22
End of Day Share Price	2025/02/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Heritage Global Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Shlisky	Colliers Securities
George Sutton	Craig-Hallum Capital Group LLC
Mark Argento	Lake Street Capital Markets, LLC