HGBL Heritage Global (HGBL) Insider Trading, Ownership & Congress Trades
Services · Services-business services, nec · CIK 0000849145
Cluster · 4 insidersC-suite buying · 3Form 144 · 2
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
13
13F, latest reported quarter
Conversions, 180 days
1
Codes C/M, not in net · $22.3K priced
What the filings say about HGBL
Insiders, 180 days
+$119.7K net bought
4 buyers · 2 sellers · 50% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$6.5K
2 notices
Heritage Global insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Heritage Global Inc. insiders bought a net $119.7K of stock across 118 Form 4 purchases and sales, with 4 insiders buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 10 earlier Form 4 trades (code P or S) here by this insider (1 buy, 9 sales), the last on Sep 1, 2026.
- The trade is 1.0% of the 252,391 shares held after it.
- 1 other insider sold within 30 days.
- 13 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Gen Counsel & Secretary Sklar James Edward sold about $3.2K of HGBL under a 10b5-1 plan on Oct 1, 2026; 1 other insider sold within 30 days and 13 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 100.0% of the 300,000 shares held after it.
- No other insider bought within 30 days.
- 13 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Burnham William L bought about $399.0K of HGBL on Sep 25, 2026, the largest insider purchase at the company on our record; 13 funds added in the latest 13F quarter.Context
- 8 earlier Form 4 trades (code P or S) here by this insider (8 buys), the last on Mar 20, 2024.
- -7.3% median (-3.5% mean) 90-day return after 8 previous buys.
- The trade is 14.8% of the 2,021,917 shares held after it.
- 1 other insider sold within 30 days.
- 13 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO DOVE ROSS sold about $399.0K of HGBL on Sep 25, 2026, the largest insider sale at the company since 2023; 1 other insider sold within 30 days and 13 funds added in the latest 13F quarter.Context
- 9 earlier Form 4 trades (code P or S) here by this insider (1 buy, 8 sales), the last on May 1, 2026.
- The trade is 1.0% of the 254,891 shares held after it.
- 1 other insider sold within 30 days.
- 13 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Gen Counsel & Secretary Sklar James Edward sold about $3.2K of HGBL under a 10b5-1 plan on Sep 1, 2026; 1 other insider sold within 30 days and 13 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 buys), the last on Nov 12, 2021.
- -4.0% median (-4.0% mean) 90-day return after 2 previous buys.
- The trade is 8.2% of the 245,353 shares held after it.
- 2 other insiders bought within 30 days.
- 13 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CFO COBB BRIAN J. bought about $22.0K of HGBL on Aug 20, 2026; 2 other insiders bought within 30 days and 13 funds added in the latest 13F quarter.118 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net +$119.7K over 180 days
+$93.0K over 90 days
more than 79% of Services
Congress
no House purchase disclosed in the last 12 months
Funds
13 funds bought in last quarter
below 72% of Services
Revenue
+12.4% year over year
more than 66% of Services
Margin
7.0% net margin
more than 67% of Services
Buybacks
$275.0K repurchased, FY to 2026-06-30
below 94% of Services
Short interest
0.3% of the float short (float per yahoo 2026-10-26) · 1.2 days to cover · settled 2026-09-30
below 73% of Services
The situation: each line is one rule over one dataset
4 insiders bought a net $119.7K, but 2 Form 144 notices ($6.5K) are queued to sell.
What changed in the last 30 days
Oct 2EVP, Gen Counsel & Secretary Sklar James Edward sold $3.2K under a 10b5-1 plan (Oct 1)
Why it matters
A 10b5-1 plan schedules trades months ahead, so this says little about what the insider thinks today.
Oct 1Officer JAMES SKLAR filed to sell $3.2K by Oct 1 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Sep 29Director Burnham William L bought $399.0K (Sep 25)
Sep 29CEO DOVE ROSS sold $399.0K (Sep 25)
Watch HGBL
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-17.8%12M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns HGBL: institutional holders (13F)
13F holdings, latest reported quarter
2,273,077 sh
$2.8M
2,021,458 sh
$2.4M
1,785,488 sh
$2.2M
1,393,638 sh
$1.7M
1,100,000 sh
$1.3M
Congress trades in HGBL
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
HGBL planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
JAMES SKLAR
Filed 2026-10-01
$3.2K
JAMES SKLAR
Filed 2026-09-01
$3.2K
HGBL mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
iShares Micro-Cap ETF
$126.4K position · as of 2026-06-30
0.0%
1290 VT Micro Cap Portfolio
$7.1K position · as of 2026-06-30
0.0%
JNL/DFA U.S. Small Cap Fund
$6.9K position · as of 2026-06-30
0.0%
U.S. MICRO CAP PORTFOLIO
$61.7K position · as of 2026-07-31
0.0%
LVIP Dimensional U.S. Core Equity 2 Fund
$6.6K position · as of 2026-06-30
0.0%
VANGUARD EXTENDED MARKET INDEX FUND
$358.4K position · as of 2026-06-30
0.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2024
$945.0K
$862.0K
$1.0M
-1%
n/a
2023
$1.3M
$1.3M
$1.3M
+49%
n/a
2022
$877.5K
$877.5K
$1.1M
+26%
n/a
2021
$451.5K
$451.5K
$785.0K
-30%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
4 insiders reported buying shares.
The record shows a net $119.7K bought by insiders over 180 days, 13 funds added last quarter, $6.5K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
HGBL financials
Revenue growth
+12.4%
XBRL, annual
Net margin
7.0%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$48.2M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM HGBL
| FY Dec 2025 | $51.0M |
| FY Dec 2024 | $45.4M |
| FY Dec 2023 | $60.5M |
| FY Dec 2022 | $46.9M |
| FY Dec 2021 | $25.8M |
| Jun 2026 | $12.3M |
| Mar 2026 | $12.7M |
| Dec 2025 | $11.9M |
| Sep 2025 | $11.4M |
| Jun 2025 | $14.3M |
| Mar 2025 | $13.5M |
| Dec 2024 | $10.8M |
| Sep 2024 | $10.4M |
At each fiscal year end
Single quarter
Net margin, TTM
-29.6%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM HGBL
| FY Dec 2025 | +7.0% |
| FY Dec 2024 | +11.4% |
| FY Dec 2023 | +20.6% |
| FY Dec 2022 | +33.0% |
| FY Dec 2021 | +11.8% |
| Jun 2026 | -129.5% |
| Mar 2026 | +5.6% |
| Dec 2025 | +2.5% |
| Sep 2025 | +5.1% |
| Jun 2025 | +11.4% |
| Mar 2025 | +7.9% |
| Dec 2024 | -1.9% |
| Sep 2024 | +10.5% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$1.1M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM HGBL
| FY Dec 2025 | -$2.3M |
| FY Dec 2024 | $7.6M |
| FY Dec 2023 | $12.8M |
| FY Dec 2022 | $6.3M |
| FY Dec 2021 | -$4.1M |
| Jun 2026 | $1.4M |
| Mar 2026 | -$3.2M |
| Dec 2025 | $971.0K |
| Sep 2025 | -$233.0K |
| Jun 2025 | $1.7M |
| Mar 2025 | -$4.8M |
| Dec 2024 | -$5.5M |
| Sep 2024 | $5.5M |
At each fiscal year end
Single quarter
Debt to equity
0.09x
long-term 2026-06-30 plus current 2017-03-31 (112 months older than the period end); equity 2026-06-30
Debt to equity HGBL
| FY Dec 2025 | 0.07x |
| FY Dec 2024 | 0.12x |
| FY Dec 2023 | 0.13x |
| FY Dec 2022 | 0.01x |
| FY Dec 2021 | 0.02x |
| Jun 2026 | 0.09x |
| Mar 2026 | 0.07x |
| Dec 2025 | 0.07x |
| Sep 2025 | 0.07x |
| Jun 2025 | 0.07x |
| Mar 2025 | 0.07x |
| Dec 2024 | 0.12x |
| Sep 2024 | 0.12x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.12x
TTM operating cash flow over long-term 2026-06-30 plus current 2017-03-31 (112 months older than the period end)
Cash flow to debt HGBL
| FY Dec 2025 | 1.32x |
| FY Dec 2024 | 1.00x |
| FY Dec 2023 | 1.68x |
| FY Dec 2022 | 12.05x |
| FY Dec 2021 | -4.89x |
| Jun 2026 | 0.12x |
| Mar 2026 | 0.18x |
| Dec 2025 | 1.32x |
| Sep 2025 | -0.21x |
| Jun 2025 | 0.95x |
| Mar 2025 | 1.77x |
| Dec 2024 | 1.00x |
| Sep 2024 | 1.76x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-24.3%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity HGBL
| FY Dec 2025 | +5.4% |
| FY Dec 2024 | +8.2% |
| FY Dec 2023 | +22.8% |
| FY Dec 2022 | +38.3% |
| FY Dec 2021 | +9.8% |
| Jun 2026 | -24.3% |
| Mar 2026 | +4.9% |
| Dec 2025 | +5.4% |
| Sep 2025 | +4.6% |
| Jun 2025 | +5.5% |
| Mar 2025 | +6.9% |
| Dec 2024 | +8.2% |
| Sep 2024 | +16.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-18.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets HGBL
| FY Dec 2025 | +4.2% |
| FY Dec 2024 | +6.3% |
| FY Dec 2023 | +16.6% |
| FY Dec 2022 | +26.3% |
| FY Dec 2021 | +6.4% |
| Jun 2026 | -18.1% |
| Mar 2026 | +3.8% |
| Dec 2025 | +4.2% |
| Sep 2025 | +3.5% |
| Jun 2025 | +4.0% |
| Mar 2025 | +5.2% |
| Dec 2024 | +6.3% |
| Sep 2024 | +11.9% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on invested capital HGBL
| FY Dec 2025 | n/a |
| FY Dec 2024 | +9.7% |
| FY Dec 2023 | +25.5% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | +9.3% |
| Jun 2025 | +7.2% |
| Mar 2025 | +8.5% |
| Dec 2024 | +9.7% |
| Sep 2024 | +21.9% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-27.7%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed HGBL
| FY Dec 2025 | +8.2% |
| FY Dec 2024 | +13.4% |
| FY Dec 2023 | +23.9% |
| FY Dec 2022 | +25.4% |
| FY Dec 2021 | +9.0% |
| Jun 2026 | -27.7% |
| Mar 2026 | +7.3% |
| Dec 2025 | +8.2% |
| Sep 2025 | +9.1% |
| Jun 2025 | +9.2% |
| Mar 2025 | +11.2% |
| Dec 2024 | +13.4% |
| Sep 2024 | +18.4% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing HGBL
| FY Dec 2025 | 11.27x |
| FY Dec 2024 | 12.33x |
| FY Dec 2023 | 8.42x |
| FY Dec 2022 | 5.60x |
| FY Dec 2021 | 23.38x |
| Jun 2026 | n/a |
| Mar 2026 | 13.60x |
| Dec 2025 | 11.27x |
| Sep 2025 | 16.60x |
| Jun 2025 | 20.18x |
| Mar 2025 | 16.77x |
| Dec 2024 | 12.33x |
| Sep 2024 | 6.07x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$34.8M
market value at close 2026-10-23 on 2026-08-01 shares, plus long-term 2026-06-30 plus current 2017-03-31 (112 months older than the period end), minus cash 2026-06-30
Enterprise value HGBL
| FY Dec 2025 | $27.2M |
| FY Dec 2024 | $55.1M |
| FY Dec 2023 | $98.8M |
| FY Dec 2022 | $74.7M |
| FY Dec 2021 | $55.3M |
| Jun 2026 | $33.5M |
| Mar 2026 | $40.3M |
| Dec 2025 | $27.2M |
| Sep 2025 | $42.9M |
| Jun 2025 | $63.2M |
| Mar 2025 | $63.5M |
| Dec 2024 | $55.1M |
| Sep 2024 | $44.7M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-2.5%
TTM free cash flow over market value at close 2026-10-23
FCF yield HGBL
| FY Dec 2025 | -5.4% |
| FY Dec 2024 | +11.0% |
| FY Dec 2023 | +12.4% |
| FY Dec 2022 | +7.2% |
| FY Dec 2021 | -5.9% |
| Jun 2026 | -2.6% |
| Mar 2026 | -1.7% |
| Dec 2025 | -5.4% |
| Sep 2025 | -15.3% |
| Jun 2025 | -4.0% |
| Mar 2025 | +1.5% |
| Dec 2024 | +11.0% |
| Sep 2024 | +21.3% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing HGBL
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | 0.01x |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $51.0M | $45.4M | $60.5M | $46.9M |
| Operating income | $5.7M | $9.1M | $14.3M | $11.1M |
| Net income | $3.6M | $5.2M | $12.5M | $15.5M |
| EPS (diluted) | 0.10 | 0.14 | 0.33 | 0.42 |
| Operating cash flow | $6.1M | $7.7M | $13.0M | $6.5M |
| Cash | $20.5M | $21.7M | $12.3M | $12.7M |
| Long-term debt | n/a | n/a | $7.2M | n/a |
| Buybacks | $2.6M | $2.2M | $400.0K | $395.0K |
SEC XBRL, fiscal years, as known on 2026-10-28
HGBL Stock Sonar score 6/7 axes
Find similar shapesCompareHGBL ranks highest on insider conviction (87th percentile) and risk and compliance (78th), and lowest on profitability (21st), among Services peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
HGBL filings, in plain words
Are Heritage Global insiders buying or selling HGBL?
In the 180 days to 2026-10-28, Heritage Global insiders were net buyers, a net $119.7K: $530.1K of purchases and $410.3K of sales reported on Form 4, by 4 buyers and 2 sellers.
Are there planned insider sales of HGBL?
Yes. 2 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $6.5K of stock; the latest, by JAMES SKLAR, was filed 2026-10-01.
Read the full summary
In the 180 days to 2026-10-28, Heritage Global insiders were net buyers of HGBL, a net $119.7K across purchases and sales reported on Form 4 by 4 buyers and 2 sellers. 4 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. 50% of the 4 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 2 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $6.5K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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