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 firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $2.13, for a total value of $21,300.00. Following the completion of the sale, the insider now owns 957,479 shares in the company, valued at $2,039,430.27. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 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 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 stock was 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 value 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 Trading Up 0.5 %

Shares of Heritage Global stock opened at $2.16 on Friday. The stock has a 50-day moving average price of $1.86 and a 200 day moving average price of $1.85. The company has a market cap of $80.65 million, a P/E ratio of 7.71 and a beta of 1.16. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Koshinski Asset Management Inc. acquired a new position in shares of Heritage Global during the 3rd quarter valued at about $1,801,000. Dimensional Fund Advisors LP raised its stake in Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after purchasing an additional 47,375 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Heritage Global by 2.4% during the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after buying an additional 7,842 shares during the last quarter. Janus Henderson Group PLC raised its holdings in 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 acquiring an additional 10,068 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Heritage Global in the third quarter worth $25,000. 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.