Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells 10,000 Shares of Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $2.07, for a total transaction of $20,700.00. Following the sale, the insider now owns 967,479 shares of the company’s stock, valued at $2,002,681.53. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 8th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 value 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 stock was 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 Price Performance

Shares of Heritage Global stock remained flat at $2.07 on Thursday. 48,655 shares of the company’s stock traded hands, compared to its average volume of 99,035. The company has a market cap of $77.29 million, a PE ratio of 7.39 and a beta of 1.16. The firm has a 50 day moving average price of $1.76 and a 200-day moving average price of $1.88. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09.

Institutional Investors Weigh In On Heritage Global

A number of hedge funds and other institutional investors have recently bought and sold shares of HGBL. Geode Capital Management LLC grew its stake 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 acquiring an additional 7,842 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Heritage Global by 53.2% in the third 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. Jane Street Group LLC bought a new position in Heritage Global in the third quarter valued at $25,000. Dimensional Fund Advisors LP lifted its position 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 buying an additional 47,375 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of Heritage Global in the 3rd quarter valued at about $1,801,000. Institutional investors and hedge funds own 33.46% of the company’s stock.

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.