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 dated Wednesday, January 15th. The stock was sold at an average price of $2.07, for a total value of $20,700.00. Following the sale, the insider now owns 967,479 shares of the company’s stock, valued at approximately $2,002,681.53. This represents a 1.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction 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 shares were 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 stock was sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Trading Down 1.9 %

NASDAQ HGBL opened at $2.03 on Friday. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09. The stock has a market cap of $75.80 million, a price-to-earnings ratio of 7.25 and a beta of 1.16. The company has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $1.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings 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 in the last quarter. Jane Street Group LLC bought a new stake in Heritage Global in the third quarter worth approximately $25,000. Janus Henderson Group PLC boosted its stake 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 acquiring an additional 10,068 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Heritage Global during the 3rd quarter worth $1,801,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Heritage Global by 11.8% in the second 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. Institutional investors own 33.46% of the company’s stock.

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.