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 the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.24, for a total transaction of $22,400.00. Following the transaction, the insider now directly owns 947,479 shares of the company’s stock, valued at $2,122,352.96. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.13, for a total transaction of $21,300.00.
• On Wednesday, January 15th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.07, for a total transaction of $20,700.00.
• On Wednesday, January 8th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.99, for a total transaction of $19,900.00.
• 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 transaction 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 transaction 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 transaction of $16,300.00.
• On Tuesday, November 19th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Stock Up 3.2 %

Shares of NASDAQ:HGBL opened at $2.27 on Friday. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09. The stock has a market capitalization of $84.76 million, a P/E ratio of 8.11 and a beta of 1.17. The firm has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $1.83.

Hedge Funds Weigh In On Heritage Global

A number of institutional investors and hedge funds have recently made changes to their positions in HGBL. Janus Henderson Group PLC grew its stake in shares of Heritage Global by 53.2% in the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after buying an additional 10,068 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Heritage Global in the 3rd quarter worth $25,000. Geode Capital Management LLC grew its stake in shares of Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after buying an additional 7,842 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Heritage Global in the 4th quarter worth $1,202,000. Finally, Renaissance Technologies LLC grew its stake in shares of Heritage Global by 2.8% in the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after buying an additional 9,222 shares in the last quarter. 33.46% of the stock is owned by hedge funds and other 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.