HGBLNasdaqServices-Business Services, NECFiscal year ends December 31
Heritage Global Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.28−0.02 (-1.54%)
Close on Oct 19, 2026
- Market cap
- $44.32M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
34.1%
12M of 35M shares
Institutional holders
36
3 new, 5 sold out
Net institutional buying
-2M
In Q2 2026
Insider trades, 12 months
5 buys · 9 sales
Net bought $93.14K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Punch & Associates Investment Management, Inc. | 2,244,148 | 6.50% | 13G (passive) amendment | Mar 31, 2026 |
| Mink Brook Asset Management LLC | 2,238,256 | 6.40% | 13G (passive) amendment | Mar 31, 2026 |
| Ross Dove | 2,021,917 | 5.80% | 13D (active) amendment | Sep 25, 2026 |
| Topline Capital Management, LLC | 1,927,096 | 5.10% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HGBL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Mink Brook Asset Management LLC | 2,273,077 | 6.56% | $2.75M | +34,821 | 1.21% |
| Punch & Associates Investment Management, Inc. | 2,021,458 | 5.84% | $2.45M | −222,690 | 0.12% |
| Topline Capital Management, LLC | 1,785,488 | 5.15% | $2.16M | – | 0.56% |
| Vanguard Capital Management LLC | 1,393,638 | 4.02% | $1.69M | −263,909 | 0.00% |
| Truffle Hound Capital, LLC | 1,100,000 | 3.18% | $1.33M | – | 0.28% |
| Koshinski Asset Management, Inc. | 917,304 | 2.65% | $1.11M | – | 0.06% |
| Militia Capital Management LLC | 563,873 | 1.63% | $682.29K | −1,127,746 | 0.02% |
| Geode Capital Management, LLC | 359,349 | 1.04% | $434.93K | +17,215 | 0.00% |
| Renaissance Technologies LLC | 249,617 | 0.72% | $302.04K | +5,300 | 0.00% |
| Ridgewood Investments LLC | 222,165 | 0.64% | $268.82K | −15,000 | 0.10% |
| Dimensional Fund Advisors LP | 179,234 | 0.52% | $216.92K | −25,310 | 0.00% |
| BlackRock, Inc. | 168,422 | 0.49% | $203.79K | +21,383 | 0.00% |
| Vanguard Fiduciary Trust Co | 167,270 | 0.48% | $202.40K | +1,222 | 0.00% |
| State Street Corp | 116,566 | 0.34% | $141.05K | – | 0.00% |
| Northern Trust Corp | 51,204 | 0.15% | $61.96K | +14,339 | 0.00% |
| Jane Street Group, LLC | 42,957 | 0.12% | $51.98K | +23,948 | 0.00% |
| Citadel Advisors LLC | 38,312 | 0.11% | $46.36K | New | 0.00% |
| Goldman Sachs Group Inc | 34,800 | 0.10% | $42.11K | −421 | 0.00% |
| NorthRock Partners, LLC | 34,139 | 0.10% | $41.31K | – | 0.00% |
| Wealth Enhancement Advisory Services, LLC | 25,758 | 0.07% | $32.20K | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 36 | 12M | 34.1% | 3 / 10 | 9 / 5 | 0M | 2M |
| Q1 2026 | 38 | 14M | 39.7% | 7 / 6 | 13 / 7 | 4M | 1M |
| Q4 2025 | 41 | 14M | 40.0% | 8 / 13 | 9 / 4 | 1M | 1M |
| Q3 2025 | 38 | 14M | 41.2% | 3 / 10 | 11 / 2 | 1M | 0M |
| Q2 2025 | 38 | 14M | 39.1% | 5 / 8 | 10 / 9 | 1M | 1M |
| Q1 2025 | 42 | 14M | 41.4% | 10 / 7 | 16 / 7 | 1M | 1M |
| Q4 2024 | 39 | 14M | 41.0% | 7 / 8 | 15 / 11 | 6M | 0M |
| Q3 2024 | 43 | 9M | 25.9% | 6 / 9 | 13 / 10 | 1M | 1M |
| Q2 2024 | 49 | 9M | 27.3% | 2 / 13 | 18 / 9 | 0M | 1M |
| Q1 2024 | 56 | 10M | 28.9% | 9 / 17 | 17 / 7 | 1M | 1M |
| Q4 2023 | 54 | 10M | 28.9% | 10 / 21 | 14 / 12 | 2M | 1M |
| Q3 2023 | 56 | 10M | 28.2% | 10 / 11 | 20 / 5 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HGBL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,180,146 | 3.41% | $1.43M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 296,158 | 0.85% | $358.35K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 128,399 | 0.37% | $156.65K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 104,429 | 0.30% | $126.36K | 0.01% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 65,633 | 0.19% | $80.07K | 0.00% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 53,201 | 0.15% | $61.71K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 47,405 | 0.14% | $54.99K | 0.00% | Jul 31, 2026 |
| Fidelity Series Total Market Index Fund | 42,869 | 0.12% | $52.30K | 0.00% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 31,260 | 0.09% | $38.14K | 0.00% | May 31, 2026 |
| Vanguard Balanced Index Fund | 19,685 | 0.06% | $23.82K | 0.00% | Jun 30, 2026 |
| 1290 VT Micro Cap Portfolio | 5,838 | 0.02% | $7.06K | 0.00% | Jun 30, 2026 |
| JNL/DFA U.S. Small Cap Fund | 5,700 | 0.02% | $6.90K | 0.00% | Jun 30, 2026 |
| LVIP Dimensional U.S. Core Equity 2 Fund | 5,434 | 0.02% | $6.58K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ross Dove | CEO, Director | 3,476,217 | 10.04% | Sep 29, 2026 |
| David Van Ludwig | President of subsidiary, Director | 1,029,304 | 2.97% | Mar 28, 2025 |
| James Edward Sklar | EVP, Gen Counsel & Secretary | 254,891 | 0.74% | Sep 2, 2026 |
| Brian J. Cobb | CFO | 245,353 | 0.71% | Aug 20, 2026 |
| Bruce Kenneth Hounsell | President, Heritage DebtX LLC | 10,000 | 0.03% | Aug 17, 2026 |
| Nicholas Kirk Dove | President, Industrial Assets | 186,000 | 0.54% | Aug 17, 2026 |
| Thomas Van Ludwig | President, NLEX | 246,527 | 0.71% | May 18, 2026 |
| William L. Burnham | Director | 370,000 | 1.07% | Sep 29, 2026 |
| Kelly S. Sharpe | Director | 95,800 | 0.28% | Mar 27, 2026 |
| Samuel L. Shimer | Director | 352,500 | 1.02% | Mar 26, 2026 |
| Michael Hexner | Director | 272,104 | 0.79% | Mar 26, 2026 |
| Barbara A. Sinsley | Director | 101,300 | 0.29% | Mar 26, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| William L. Burnham Director | Sep 25, 2026 | Buy | +300,000 | $1.33 | $399.00K | 300,000 |
| Ross Dove CEO, Director | Sep 25, 2026 | Sale | −300,000 | $1.33 | $399.00K | 2,021,917 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Sep 1, 2026 | Sale(10b5-1 plan) | −2,500 | $1.27 | $3.18K | 254,891 |
| Brian J. Cobb CFO | Aug 20, 2026 | Buy | +20,000 | $1.10 | $22.00K | 245,353 |
| Nicholas Kirk Dove President, Industrial Assets | Aug 17, 2026 | Buy | +60,000 | $1.10 | $66.00K | 186,000 |
| Bruce Kenneth Hounsell President, Heritage DebtX LLC | Aug 17, 2026 | Buy | +10,000 | $1.14 | $11.40K | 10,000 |
| Nicholas Kirk Dove President, Industrial Assets | May 21, 2026 | Buy | +26,000 | $1.22 | $31.72K | 126,000 |
| Thomas Van Ludwig President, NLEX | May 14, 2026 | Option exercise | +31,875 | $0.70 | $22.31K | 246,527 |
| Thomas Van Ludwig President, NLEX | May 14, 2026 | Tax withholding | +23,919 | $1.22 | $29.18K | 222,608 |
| James Edward Sklar EVP, Gen Counsel & Secretary | May 1, 2026 | Sale(10b5-1 plan) | −3,734 | $1.33 | $4.97K | 257,391 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Apr 1, 2026 | Sale(10b5-1 plan) | −3,734 | $1.35 | $5.04K | 261,125 |
| Kelly S. Sharpe Director | Mar 5, 2026 | Award | +20,000 | – | – | 95,800 |
| Michael Hexner Director | Mar 5, 2026 | Award | +20,000 | – | – | 272,104 |
| Barbara A. Sinsley Director | Mar 5, 2026 | Award | +20,000 | – | – | 101,300 |
| William L. Burnham Director | Mar 5, 2026 | Award | +20,000 | – | – | 70,000 |
| Samuel L. Shimer Director | Mar 5, 2026 | Award | +20,000 | – | – | 352,500 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Mar 2, 2026 | Sale(10b5-1 plan) | −3,734 | $1.30 | $4.85K | 264,859 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Feb 2, 2026 | Sale(10b5-1 plan) | −3,734 | $1.37 | $5.12K | 268,593 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Jan 2, 2026 | Sale(10b5-1 plan) | −3,734 | $1.23 | $4.59K | 272,327 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Dec 1, 2025 | Sale(10b5-1 plan) | −3,734 | $1.31 | $4.89K | 276,061 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Nov 3, 2025 | Sale(10b5-1 plan) | −3,734 | $1.43 | $5.34K | 279,795 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Oct 1, 2025 | Sale(10b5-1 plan) | −7,468 | $1.63 | $12.17K | 283,529 |
| Ross Dove CEO, Director | Mar 25, 2025 | Tax withholding | −25,094 | $2.11 | $52.95K | 2,321,917 |
| Brian J. Cobb CFO | Mar 25, 2025 | Tax withholding | −6,408 | $2.11 | $13.52K | 225,353 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Mar 25, 2025 | Tax withholding | −4,727 | $2.11 | $9.97K | 290,997 |
| David Van Ludwig President of subsidiary, Director | Mar 11, 2025 | Sale(10b5-1 plan) | −7,000 | $1.97 | $13.79K | 900,479 |
| Ross Dove CEO, Director | Mar 6, 2025 | Award | +44,355 | – | – | 2,347,011 |
| Kelly S. Sharpe Director | Mar 6, 2025 | Award | +20,000 | – | – | 75,800 |
| William L. Burnham Director | Mar 6, 2025 | Award | +20,000 | – | – | 50,000 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Mar 6, 2025 | Award | +11,848 | – | – | 295,724 |
| Samuel L. Shimer Director | Mar 6, 2025 | Award | +20,000 | – | – | 332,500 |
| Barbara A. Sinsley Director | Mar 6, 2025 | Award | +20,000 | – | – | 81,300 |
| Michael Hexner Director | Mar 6, 2025 | Award | +20,000 | – | – | 252,104 |
| Brian J. Cobb CFO | Mar 6, 2025 | Award | +11,848 | – | – | 231,761 |
| David Van Ludwig President of subsidiary, Director | Mar 6, 2025 | Sale(10b5-1 plan) | −10,000 | $2.07 | $20.70K | 907,479 |
| David Van Ludwig President of subsidiary, Director | Mar 4, 2025 | Sale(10b5-1 plan) | −10,000 | $2.05 | $20.50K | 917,479 |
| David Van Ludwig President of subsidiary, Director | Feb 26, 2025 | Sale(10b5-1 plan) | −10,000 | $2.02 | $20.20K | 927,479 |
| David Van Ludwig President of subsidiary, Director | Feb 19, 2025 | Sale(10b5-1 plan) | −10,000 | $2.24 | $22.40K | 937,479 |
| David Van Ludwig President of subsidiary, Director | Feb 12, 2025 | Sale(10b5-1 plan) | −10,000 | $2.24 | $22.40K | 947,479 |
| David Van Ludwig President of subsidiary, Director | Jan 29, 2025 | Sale(10b5-1 plan) | −10,000 | $2.13 | $21.30K | 957,479 |
| David Van Ludwig President of subsidiary, Director | Jan 15, 2025 | Sale(10b5-1 plan) | −10,000 | $2.07 | $20.70K | 967,479 |
| David Van Ludwig President of subsidiary, Director | Jan 8, 2025 | Sale(10b5-1 plan) | −10,000 | $1.99 | $19.90K | 977,479 |
| Brian J. Cobb CFO | Jan 1, 2025 | Award | +125,000 | – | – | 219,913 |
| David Van Ludwig President of subsidiary, Director | Dec 18, 2024 | Sale(10b5-1 plan) | −10,000 | $1.75 | $17.50K | 987,479 |
| David Van Ludwig President of subsidiary, Director | Dec 5, 2024 | Sale(10b5-1 plan) | −10,000 | $1.76 | $17.60K | 997,479 |
| David Van Ludwig President of subsidiary, Director | Dec 3, 2024 | Sale(10b5-1 plan) | −10,000 | $1.77 | $17.70K | 1,007,479 |
| David Van Ludwig President of subsidiary, Director | Nov 21, 2024 | Sale(10b5-1 plan) | −10,000 | $1.63 | $16.30K | 1,017,479 |
| David Van Ludwig President of subsidiary, Director | Nov 19, 2024 | Sale(10b5-1 plan) | −10,000 | $1.61 | $16.10K | 1,029,304 |
| David Van Ludwig President of subsidiary, Director | Nov 19, 2024 | Sale(10b5-1 plan) | −10,000 | $1.61 | $16.10K | 1,027,479 |
| Ross Dove CEO, Director | Mar 20, 2024 | Buy | +7,297 | $2.75 | $20.07K | 2,302,656 |
| Nicholas Kirk Dove President, Industrial Assets | Mar 19, 2024 | Buy | +5,000 | $2.88 | $14.40K | 100,000 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Mar 19, 2024 | Tax withholding | −11,830 | $2.93 | $34.66K | 283,876 |
| Brian J. Cobb CFO | Mar 19, 2024 | Tax withholding | −13,638 | $2.93 | $39.96K | 94,913 |
| Kelly S. Sharpe Director | Mar 7, 2024 | Award | +15,000 | – | – | 55,800 |
| Michael Hexner Director | Mar 7, 2024 | Award | +15,000 | – | – | 232,104 |
| James Edward Sklar EVP, Gen Counsel & Secretary | Mar 7, 2024 | Award | +25,597 | – | – | 295,706 |
| Samuel L. Shimer Director | Mar 7, 2024 | Award | +15,000 | – | – | 312,500 |
| Brian J. Cobb CFO | Mar 7, 2024 | Award | +25,597 | – | – | 108,551 |
| William L. Burnham Director | Mar 7, 2024 | Award | +15,000 | – | – | 30,000 |
| Barbara A. Sinsley Director | Mar 7, 2024 | Award | +15,000 | – | – | 61,300 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Sklar James Officer | Oct 1, 2026 | 2,500 | $3.25K | Oct 1, 2026 | Restricted Stock Units |
| Sklar James Officer | Sep 1, 2026 | 2,500 | $3.23K | Sep 1, 2026 | Restricted Stock Units |
| Sklar James Officer | May 1, 2026 | 3,734 | $5.08K | May 1, 2026 | Previously Exercised Stock Options |
| Sklar James Officer | Apr 1, 2026 | 3,734 | $5.08K | Apr 1, 2026 | Previously Exercised Stock Options |
| Sklar James Officer | Mar 2, 2026 | 3,734 | $4.85K | Mar 2, 2026 | Restricted Stock Units |
| Sklar James Officer | Feb 2, 2026 | 3,734 | $5.12K | Feb 2, 2026 | Restricted Stock Units |
| Sklar James Officer | Jan 2, 2026 | 3,734 | $4.63K | Jan 2, 2026 | Restricted Stock Units |
| Sklar James Officer | Dec 1, 2025 | 3,734 | $5.04K | Dec 1, 2025 | Restricted Stock Units |
| Sklar James Officer | Nov 3, 2025 | 3,734 | $5.49K | Nov 3, 2025 | Restricted Stock Units |
| Sklar James Officer | Oct 1, 2025 | 7,468 | $12.40K | Oct 1, 2025 | Restricted Stock Units |
| David Van Ludwig Officer, Director | Feb 19, 2025 | 47,000 | $105.28K | Feb 19, 2025 | OPEN MARKET PURCHASE |
| David Van Ludwig Officer, Director | Nov 19, 2024 | 90,000 | $144.00K | Nov 19, 2024 | OPEN MARKET PURCHASE |