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 stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $2.02, for a total value of $20,200.00. Following the sale, the insider now owns 927,479 shares in the company, valued at $1,873,507.58. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, February 12th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.24, for a total value of $22,400.00.
• 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 stock was sold at an average price of $2.07, for a total value 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 stock was 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 stock was sold at an average price of $1.76, for a total value of $17,600.00.

Heritage Global Stock Performance

Shares of NASDAQ:HGBL traded up $0.05 during midday trading on Thursday, hitting $2.09. The company’s stock had a trading volume of 10,797 shares, compared to its average volume of 58,755. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $1.82. Heritage Global Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.09. The stock has a market capitalization of $78.04 million, a price-to-earnings ratio of 7.46 and a beta of 1.17.

Institutional Trading of Heritage Global

Several institutional investors have recently made changes to their positions in HGBL. Geode Capital Management LLC increased 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 purchasing an additional 7,842 shares in the last quarter. Janus Henderson Group PLC grew its holdings 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 valued at $49,000 after buying an additional 10,068 shares during the period. Mink Brook Asset Management LLC bought a new stake in shares of Heritage Global in the fourth quarter worth about $3,454,000. NewEdge Advisors LLC acquired a new position in shares of Heritage Global in the 4th quarter valued at approximately $28,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Heritage Global during the fourth quarter worth $28,000. 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.