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

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

Heritage Global Stock Performance

HGBL remained flat at $2.07 on Thursday. 48,655 shares of the company were exchanged, compared to its average volume of 99,035. Heritage Global Inc. has a twelve month low of $1.52 and a twelve month high of $3.09. The firm has a market cap of $77.29 million, a PE ratio of 7.39 and a beta of 1.16. The firm’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $1.88.

Hedge Funds Weigh In On Heritage Global

A number of hedge funds have recently bought and sold shares of HGBL. Koshinski Asset Management Inc. acquired a new stake in shares of Heritage Global during the 3rd quarter valued at $1,801,000. 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 buying an additional 47,375 shares during the period. Jane Street Group LLC bought a new stake in Heritage Global in the third quarter valued at approximately $25,000. Janus Henderson Group PLC increased its position 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. Finally, Geode Capital Management LLC raised 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 worth $570,000 after purchasing an additional 7,842 shares during the last quarter. 33.46% of the stock is owned by institutional investors.

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.