David Van Ludwig Sells 10,000 Shares of Heritage Global Inc. (NASDAQ:HGBL) Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the firm’s stock in a transaction that occurred 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. The trade was a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $2.02, for a total value of $20,200.00.
• On Wednesday, February 12th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 stock was sold at an average price of $2.13, for a total value 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 stock was sold at an average price of $1.99, for a total value 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.

Heritage Global Stock Performance

NASDAQ HGBL opened at $2.10 on Friday. 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 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $1.83. The stock has a market cap of $78.42 million, a P/E ratio of 7.50 and a beta of 1.22.

Institutional Investors Weigh In On Heritage Global

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in Heritage Global in the 4th quarter worth approximately $28,000. Jane Street Group LLC purchased a new position in shares of Heritage Global in the 3rd quarter valued at approximately $25,000. Two Sigma Securities LLC purchased a new position in shares of Heritage Global in the 4th quarter valued at approximately $28,000. Janus Henderson Group PLC lifted its stake 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 purchasing an additional 10,068 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Heritage Global by 2.4% in 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 during the period. Hedge funds and other institutional investors 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.