Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $20,700.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $2.07, for a total value of $20,700.00. Following the transaction, the insider now owns 907,479 shares in the company, valued at approximately $1,878,481.53. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 26th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.02, for a total transaction of $20,200.00.
• 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 transaction 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 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.

Heritage Global Trading Down 0.5 %

Shares of HGBL opened at $2.10 on Monday. The firm has a market cap of $78.42 million, a P/E ratio of 7.50 and a beta of 1.22. Heritage Global Inc. has a 12-month low of $1.52 and a 12-month high of $3.09. The company’s 50-day moving average price is $2.08 and its 200 day moving average price is $1.83.

Institutional Trading of Heritage Global

A number of institutional investors and hedge funds have recently bought and sold shares of HGBL. Topline Capital Management LLC acquired a new position in shares of Heritage Global during the fourth quarter worth about $3,565,000. Mink Brook Asset Management LLC acquired a new position in shares of Heritage Global during the fourth quarter worth about $3,454,000. Truffle Hound Capital LLC acquired a new position in shares of Heritage Global during the fourth quarter worth about $1,202,000. Geode Capital Management LLC grew its position in shares of Heritage Global by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 361,632 shares of the company’s stock worth $669,000 after buying an additional 26,230 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Heritage Global by 2.8% during the fourth 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 currently 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.