Heritage Global Inc. (NASDAQ:HGBL) Insider David Van Ludwig Sells 10,000 Shares

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $1.99, for a total value of $19,900.00. Following the completion of the sale, the insider now owns 977,479 shares of the company’s stock, valued at $1,945,183.21. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

David Van Ludwig also recently made the following trade(s):

• On Wednesday, December 18th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.75, for a total value of $17,500.00.
• On Thursday, December 5th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.76, for a total value of $17,600.00.
• On Thursday, November 21st, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.63, for a total transaction of $16,300.00.
• On Tuesday, November 19th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Price Performance

Heritage Global stock traded up $0.01 during trading hours on Monday, reaching $1.99. The stock had a trading volume of 5,521 shares, compared to its average volume of 100,517. The company has a market cap of $74.31 million, a price-to-earnings ratio of 7.11 and a beta of 1.16. The business’s 50 day moving average price is $1.74 and its 200-day moving average price is $1.88. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09.

Hedge Funds Weigh In On Heritage Global

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Heritage Global during the third quarter worth about $25,000. Janus Henderson Group PLC grew its stake in shares of Heritage Global by 53.2% during the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after acquiring an additional 10,068 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Heritage Global by 2.4% during the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after acquiring an additional 7,842 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Heritage Global by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after acquiring an additional 47,375 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Heritage Global during the third quarter worth about $1,801,000. 33.46% of the stock is currently owned by institutional investors.

Heritage Global Company Profile

Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.