Heritage Global Inc (HGBL)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$1.36+4.62%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
QuarterlyIQ Insights · HGBL
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Execute the strategic plan to substantially wind down the Specialty Lending segment operated through Heritage Global Capital LLC.
Newly stated in 2026-Q2. Management announced the strategic wind down of the Specialty Lending segment (HGC) with an expected material non-cash charge related to write-down of non-performing loans. Financials show net income declined from $0.7M in 2026-Q1 to -$15.9M in 2026-Q2 and operating income fell from $1.0M to -$20.9M, reflecting the impact of this wind down. The trajectory shows significant financial impact consistent with management's stated plan.
“Heritage Global announced strategic wind down of Heritage Global Capital and expects a material non-cash charge in Q2 2026.”
Grow the Financial Assets division by acquiring companies like Boston Note Company to add seller-note sourcing capabilities and expand asset classes.
Newly stated in 2026-Q3. Management announced the acquisition of Boston Note Company to expand the Financial Assets platform into new asset classes and channels. No direct financial impact is reported yet in the supplied financials, so progress is at the announcement stage.
“Heritage Global acquired Boston Note Company to expand Financial Assets platform into seller and carry-back notes.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated weak grew net income 57% of the time over the next year (vs 60% for the rest of the cohort, n=7680).
Over the trailing year it converted 0.24x of net income into operating cash flow. Historically, Financials names rated fragile grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=6844).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
9 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated neutral grew net income 56% of the time over the next year (vs 58% for the rest of the cohort, n=3751).
Not investment advice. As of 2026-09-04.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.