Stock Ratings / Consumer Discretionary / HGBL / insiders

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Heritage Global Inc. (HGBL) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Q: Is HGBL stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Heritage Global Inc. (NASDAQ: HGBL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $1.26 (-2.33% 1D, market cap $43.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 9/20. Across 1011 tracked Consumer Discretionary issuers, HGBL ranks #858 in composite RQD confidence.

Q: How does HGBL compare to TDTH and SCOR in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Business Services), HGBL carries a Roarable D- (38/100 RQD), trailing P/E of 12.2x, gross margin of 27.4%, and ROIC of 9.7%. By comparison, TDTH (Trident Digital Tech Holdings Ltd (Class B)) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $40.9M) and SCOR (comScore Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC 2.8%, cap $51.2M). Among the 5-stock peer group, HGBL leads on earnings multiple (12.2x) while HGBL leads on capital efficiency (9.7% ROIC).

Q: What are the biggest fundamental strengths and SEC risk factors for HGBL?

Per HGBL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000849145), Heritage Global Inc. generated $51.0M in revenue (+12.4% YoY), $3.6M in net income, and -$2.3M in free cash flow against $88.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Q: Where is HGBL trading relative to its 50-day, 200-day, and 52-week technical levels?

HGBL last traded at $1.26 (-2.33% on volume of 41,640 shares), positioning the stock -2.33% below its 50-day simple moving average ($1.29) and -1.56% below its 200-day simple moving average ($1.28). Across its 52-week range of $1.01 to $1.55, HGBL sits at the 46.3% percentile with a 14-day RSI of 43.7 (NEUTRAL RANGE) and an implied next-earnings move of ±5.6% ($1.19 to $1.33).

Q: Are HGBL insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies HGBL leadership and institutional positioning as: BALANCED INSTITUTIONAL POSITIONING.

$1.26 -2.33% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $1.25

Heritage Global Inc. (HGBL) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (38/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D- • RED ALERT Cap $43.6M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $1.25 (-0.61%)🧬 Disciplined Float (+0.80% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (38/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.8% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-8.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HGBL)Realized 20D OHLCV Swing Band: ±5.6%

Deterministic 5-Pillar Attribution (38/100 Composite)

🔍 WHY HGBL SCORES 38/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (26% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 6/9

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+9/20 pts (24% of score)

SEC Form 4 / 13F Thermometer: 45% Net Buy • Disciplined Float (+0.80% YoY Shares)

▼ #1 Drag / Risk Factor: Cash Engine Quality5/20 pts (-15 pt drag)

Capital intensity & 11.2% operating margin leave 15 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$1.25+4% Next Q

Q2 (-2Q)

Grade E$1.30-3.8% Next Q

Q3 (-1Q)

Grade E$1.25+0.8% Next Q

Current

Grade D-$1.26-7.8% Hist 90D α

Trajectory: E (30) → D- (38)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a HGBL Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While HGBL currently carries a cautious 38/100 (D-) rating due to Cash Engine Quality (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.29) and Max Pain ($1.32) forces dealer call-delta covering toward $1.63.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.80% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HGBL• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “HGBL Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 38%NO 62%Trade / Inspect Odds →

SEC FORM 4 × 13F HEDGE FUNDS × CONGRESSIONAL STOCK ACT

HGBL Smart-Money Thermometer: BALANCED INSTITUTIONAL POSITIONING

Explore All 13F & Congress Whales →

▲ Disclosed Buys: 0 ($0)▼ Disclosed Sales: 0 ($0)

Wide-Open SEC Form 4, 13F & Congressional Disclosure Ledger (HGBL)

No recent open-market Form 4 cluster sales or emergency dumps flagged on HGBL. Visit the Global 13F & Congressional Whale Ledger for cross-market smart-money filings.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HGBL)

✓Walkthrough of HGBL's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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HGBL // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.35%📐 HORIZONTAL RANGE

2026-10-30O $1.27H $1.27L $1.25C $1.26VOL 34.1K

RES: $1.56SUP: $0.84SMA50: $1.29SMA200: $1.28

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HGBL Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HGBL Butterfly Map → + Track HGBL →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

2.8%/yr Implied 5Y Growth

vs. +12.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on HGBL today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HGBL. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for HGBL today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HGBL)

Consumer Discretionary Rank #858 of 1011 ⚔️ TDTH vs HGBL Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (HGBL vs. TDTH, SCOR, TC, FTFT)

Industry: Business Services (90 Tracked Issuers)

Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, Heritage Global Inc. (HGBL) ranks #858 by composite RQD confidence (38/100, grade D-) and #824 by equity capitalization ($43.6M). Within this direct 5-issuer industry benchmark cohort, HGBL leads on earnings valuation at 12.2x trailing P/E, while HGBL leads on capital efficiency and profitability with 9.7% ROIC and 27.4% gross margin. TDTH currently holds the highest overall quantitative score in the immediate peer group at 46/100 (D) compared with HGBL at 38/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
HGBL ACTIVE Heritage Global Inc.	D-	38/100	12.2x	27.4%	9.7%	-2.33%	$43.6M	Benchmark Subject
TDTH Trident Digital Tech Holdings Ltd (Class B)	D	46/100	—	51.2%	—	+6.64%	$40.9M	/tdth-vs-hgbl →
SCOR comScore Inc.	D	46/100	—	40.5%	2.8%	+0.60%	$51.2M	/scor-vs-hgbl →
TC Token Cat Limited	D-	36/100	90.8x	—	-20.6%	0.00%	$29.3M	/tc-vs-hgbl →
FTFT Future FinTech Group Inc.	D	45/100	—	10.7%	-35.0%	+9.34%	$27.4M	/ftft-vs-hgbl →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000849145

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Heritage Global Inc. (HGBL) reported GAAP revenue of $51.0M (+12.4% vs. FY2024 revenue of $45.4M , and -15.8% cumulative change since FY2023) , GAAP net income of $3.6M, operating cash flow of $6.1M, and free cash flow of -$2.3M (-130.7% YoY). On the balance sheet, HGBL closed FY2025 with $88.4M in total assets against $0 in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$51.0M	$3.6M	$6.1M	-$2.3M	$88.4M	—
FY2024 (FY)	2024-12-31	$45.4M	$5.2M	$7.7M	$7.6M	$81.3M	—
FY2023 (FY)	2023-12-31	$60.5M	$12.5M	$13.0M	$13.0M	—	—

3. HGBL Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HGBL stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Heritage Global Inc. (NASDAQ: HGBL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $1.26 (-2.33% 1D, market cap $43.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 9/20. Across 1011 tracked Consumer Discretionary issuers, HGBL ranks #858 in composite RQD confidence.

How does HGBL compare to TDTH and SCOR in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Business Services), HGBL carries a Roarable D- (38/100 RQD), trailing P/E of 12.2x, gross margin of 27.4%, and ROIC of 9.7%. By comparison, TDTH (Trident Digital Tech Holdings Ltd (Class B)) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $40.9M) and SCOR (comScore Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC 2.8%, cap $51.2M). Among the 5-stock peer group, HGBL leads on earnings multiple (12.2x) while HGBL leads on capital efficiency (9.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HGBL?

Per HGBL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000849145), Heritage Global Inc. generated $51.0M in revenue (+12.4% YoY), $3.6M in net income, and -$2.3M in free cash flow against $88.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HGBL trading relative to its 50-day, 200-day, and 52-week technical levels?

HGBL last traded at $1.26 (-2.33% on volume of 41,640 shares), positioning the stock -2.33% below its 50-day simple moving average ($1.29) and -1.56% below its 200-day simple moving average ($1.28). Across its 52-week range of $1.01 to $1.55, HGBL sits at the 46.3% percentile with a 14-day RSI of 43.7 (NEUTRAL RANGE) and an implied next-earnings move of ±5.6% ($1.19 to $1.33).

HGBL Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Are HGBL insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies HGBL leadership and institutional positioning as: BALANCED INSTITUTIONAL POSITIONING.

Direct Sub-Reports: HGBL RQD Cockpit HGBL 12M Forecast HGBL Earnings & Move HGBL Dividends & DRIP HGBL Insiders & 13F HGBL Whale Options HGBL Profit Sankey HGBL News & Why