Equity Research Database

Institutional Investment Pitches

Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.

Home Letters Funds Account

SRK Capital's investment thesis on Heritage Global Inc. ($HGBL) — Q4 2023 | Buyside Digest

All Pitches

View Letter Analysis

$HGBLNASDAQHeritage Global Inc.

BULL

SRK Capital—HGBL

Fund Letter

Q4 2023

Published December 31, 2023

View Fund Profile

$1.04USD

-23.5% vs last month

$2.75Pitched

-62.2% since pitch

Market Cap$36.1M

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Heritage Global faced temporary Q3 noise from a specialty lending credit loss reserve, but macro credit card charge-off trends strongly favor its core brokerage segment. The post-earnings decline...

— Sean Kirkwood

BSD Research Exclusive

Unlock Full Institutional Investment Theses

Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($55/mo) and Pro subscribers.

6,000+ Institutional Pitches

Proprietary AI Analysis

100 Letter Unlocks/Cycle

SUBSCRIBE TO BSD RESEARCH ($55/MO)Compare All Plans

Already a Research or Pro subscriber? Sign In

◆ Keep Reading

What other investors think about $HGBL, and what else SRK Capital is buying.

Other pitches on $HGBL

Other investors who've written on Heritage Global Inc.

No other institutional pitches found for this ticker yet.

View all $HGBL pitches →