Director Burnham Buys $399K of Heritage Global Stock from CEO at Market Price
HGBL sits 29% above its 52-week low of $1.01 on light trading volume (0.3× avg).
Summary
Director William L. Burnham bought $399,000 of Heritage Global stock at $1.33 per share from CEO Ross Dove in a private transaction, adding to a cluster of recent insider buying.
Key Events · Ownership and Investor Activity · HGBL
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Director Buys $399K from CEO
William L. Burnham, via Inductive Capital LP, purchased 300,000 shares at $1.33 per share ($399,000 total) from CEO Ross Dove in a privately negotiated transaction dated 9/25/2026.
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Priced at Prior Day's Close
The $1.33 per-share price equaled the Nasdaq closing price on 9/24/2026, indicating no discount was given in the transaction.
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Adds to Insider Buying Cluster
This purchase follows open-market buys by the President of Industrial Assets ($65,940), Heritage DebtX President ($11,395), and CFO ($22,000) in August 2026.
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Post-Q2 Loss Turnaround Context
The purchase comes after Heritage Global reported a $15.9M Q2 loss from winding down its Specialty Lending segment and secured a $10M credit facility in September.
Analysis · HGBL · Trade & Services
Director William L. Burnham, through his fund Inductive Capital LP, purchased 300,000 shares of Heritage Global for $399,000 at $1.33 per share — equal to the prior day's Nasdaq close — directly from CEO Ross Dove in a privately negotiated transaction. This is a meaningful insider buy at a time when the company is recovering from a $15.9M Q2 loss and winding down its Specialty Lending segment. The purchase adds to a recent pattern of insider accumulation: the President of Industrial Assets, the Heritage DebtX President, and the CFO all bought stock in August. A director paying market price for a large block from the CEO signals confidence in the company's turnaround, though the shares are held indirectly through a fund and the buyer disclaims beneficial ownership except to the extent of his pecuniary interest.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HGBL was trading at $1.31 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $45.2M. The 52-week trading range was $1.01 to $1.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.