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 company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $2.13, for a total transaction of $21,300.00. Following the sale, the insider now directly owns 957,479 shares of the company’s stock, valued at approximately $2,039,430.27. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 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 Performance

Shares of NASDAQ:HGBL traded up $0.11 during midday trading on Thursday, reaching $2.20. 13,092 shares of the company’s stock were exchanged, compared to its average volume of 72,592. The company’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $1.85. The firm has a market capitalization of $82.15 million, a PE ratio of 7.86 and a beta of 1.16. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09.

Heritage Global (NASDAQ:HGBL) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter. The company had revenue of $10.41 million during the quarter. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%.

Hedge Funds Weigh In On Heritage Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Heritage Global during the 3rd quarter worth about $25,000. Janus Henderson Group PLC increased its position in shares of Heritage Global by 53.2% during the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after purchasing an additional 10,068 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Heritage Global by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after purchasing an additional 7,842 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 47,375 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Heritage Global during the 3rd quarter worth about $1,801,000. 33.46% of the stock is owned by institutional investors.

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.