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25 /100
LOW RISK
Score updated Oct 13, 2026

HGBL — Heritage Global Inc. Dilution Risk Tracker

Track HGBL dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Heritage Global Inc. (HGBL) has a DilutionWatch DilutionScore of 25/100, rated LOW dilution risk. Heritage Global Inc. has a market capitalization of $43.65M, 34.64M shares outstanding, 39 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
39
💰Cash Runway—
📊 Float Risk
22
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 15%
🔄 Reverse Split model est. 30%
• 50-day avg $1.33 approaching $1 threshold
🔔 Track HGBL — Get forecast alerts →

Market Data

Market Cap$43.65M
Shares Outstanding34.64M
Float25.75M
Cash$13.18M
Debt$538.0K
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore25/100DilutionWatch score record
Shares Outstanding34.64MVerified float table or market cache
Public Float25.75MVerified float table or market cache
Market Cap$43.65MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 11.6% shares (2026Q1 vs prior)
39 institutional holders · 12.74M shares
#1 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 2.24M shares
#2 Mink Brook Asset Management LLC 2.24M shares
#3 Topline Capital Management, LLC 1.79M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest89.8K
Days to Cover1.2
% of Float0.3%
FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

HGBL's DilutionScore has held steady at 25/100 (Low risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202625/100LOW89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

HGBL shares outstanding have decreased 0.0% from 34.74M (Mar 2026) to 34.73M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 202634.73M25.75M▲ 0.14%
May 09, 202634.73M25.72M▼ 0.02%
Apr 07, 202634.74M25.73M▼ 0.79%
Mar 30, 202634.74M25.93M▼ 0.90%
Mar 28, 202634.74M26.17M▼ 0.30%
Mar 05, 202634.74M26.25M▲ 0.01%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track HGBL Dilution Risk in Real-Time
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