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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $1.61, for a total value of $16,100.00. Following the completion of the transaction, the insider now directly owns 1,027,479 shares in the company, valued at $1,654,241.19. This represents a 0.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Heritage Global Stock Up 1.9 %

NASDAQ HGBL opened at $1.63 on Thursday. Heritage Global Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.09. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $2.03. The stock has a market cap of $60.86 million, a PE ratio of 5.82 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Heritage Global during the third quarter valued at $25,000. Janus Henderson Group PLC boosted its stake in Heritage Global by 53.2% during 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. Connective Capital Management LLC bought a new position in Heritage Global in the 1st quarter worth about $538,000. Geode Capital Management LLC grew its position in Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after purchasing an additional 7,842 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 period. 33.46% of the stock is owned by institutional investors and hedge funds.

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.