Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $19,900.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $1.99, for a total value of $19,900.00. Following the completion of the transaction, the insider now owns 977,479 shares in the company, valued at approximately $1,945,183.21. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value 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 Up 2.0 %

Shares of HGBL stock opened at $2.07 on Thursday. The firm’s 50 day moving average is $1.75 and its 200 day moving average is $1.87. The stock has a market capitalization of $77.30 million, a P/E ratio of 7.39 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.

Institutional Investors Weigh In On Heritage Global

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Heritage Global in the third quarter valued at $25,000. Janus Henderson Group PLC boosted its stake in Heritage Global by 53.2% in 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 during the period. Geode Capital Management LLC grew its holdings in Heritage Global by 2.4% during the 3rd 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. Dimensional Fund Advisors LP increased its position in shares of Heritage Global by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after buying an additional 47,375 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Heritage Global in the third quarter worth about $1,801,000. Hedge funds and other 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.