Mar. 16 at 3:26 PM
$HGBL 3/13 brought fresh Buy support from both Lake Street and Craig-Hallum. Lake Street’s public note points to a “no expectations” valuation,
$12.1M cash post-acquisition, and a
$7.5M buyback authorization. The setup behind the calls is HGBL growing 2025 revenue 12% to
$50.98M, staying profitable, buying DebtX for ~
$8.5M to expand its Financial Assets business, and opening a new HQ that more than doubles office and warehouse capacity. Q4 margins were softer, so now the 2026 bet is simple: can DebtX and larger deal flow turn this into a real earnings inflection.
