Heritage Global Inc. (Nasdaq:HGBL) are a leader in valuing and monetizing assets. They operate as an asset-based market maker, who provide result driven solutions to industrial and financial institutions. Importantly, they distinguish themselves by their variety of revenue streams: auctions, valuations, refurbish and resale, brokerage, and specialty lending. To this day, they have appraised over 1 billion assets and completed over USD 150 billion in transactions.
Comps: First Eagle Alternative Capital BDC, Inc. (Nasdaq:FCRD), Altisource Portfolio Solutions S.A. (Nasdaq:ASPS)
Before we compare, it is important to note that First Eagle Alternative Capital has a market capitalization of around USD 150 million, while Heritage Global and Altisource Portfolio Solutions are both under USD 100 million. In relation to both, Heritage Global returned more on equity and their quarterly revenue growth year-over-year was higher. In addition, they exhibited better earnings per share, price to earnings, debt to equity, and profit margins than First Eagle Alternative Capital.