Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $17,500.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $1.75, for a total transaction of $17,500.00. Following the sale, the insider now owns 987,479 shares of the company’s stock, valued at $1,728,088.25. This represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 5th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 shares were sold at an average price of $1.63, for a total value 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 value of $16,100.00.

Heritage Global Price Performance

NASDAQ HGBL opened at $1.75 on Monday. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09. The stock has a market capitalization of $65.35 million, a P/E ratio of 6.25 and a beta of 1.18. The firm’s 50-day moving average is $1.69 and its two-hundred day moving average is $1.94.

Hedge Funds Weigh In On Heritage Global

Several large investors have recently made changes to their positions in HGBL. Koshinski Asset Management Inc. purchased a new stake in Heritage Global in the third quarter valued at approximately $1,801,000. Dimensional Fund Advisors LP lifted its stake in Heritage Global by 11.8% during the 2nd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Heritage Global by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after acquiring an additional 7,842 shares during the period. Janus Henderson Group PLC boosted its holdings in Heritage Global by 53.2% during the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after acquiring an additional 10,068 shares during the period. Finally, Jane Street Group LLC acquired a new position in Heritage Global in the 3rd quarter valued at about $25,000. 33.46% of the stock is currently owned by institutional investors and hedge funds.

About Heritage Global

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.