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

Posted by Jessica Moore on Feb 27th, 2025

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) insider David Van Ludwig sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $2.02, for a total transaction of $20,200.00. Following the completion of the transaction, the insider now directly owns 927,479 shares in the company, valued at $1,873,507.58. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

On Wednesday, February 12th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.24, for a total transaction of $22,400.00.
On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.13, for a total transaction of $21,300.00.
On Wednesday, January 15th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were 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 shares were 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 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 shares were sold at an average price of $1.76, for a total transaction of $17,600.00.

Heritage Global Trading Up 2.5 %

Shares of HGBL stock traded up $0.05 during trading on Thursday, hitting $2.09. The company’s stock had a trading volume of 10,797 shares, compared to its average volume of 58,755. The company has a market cap of $78.04 million, a PE ratio of 7.46 and a beta of 1.17. The business has a fifty day moving average of $2.03 and a 200-day moving average of $1.82. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09.

Institutional Trading of Heritage Global

A number of institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC bought a new position in Heritage Global in the 4th quarter worth about $28,000. Jane Street Group LLC purchased a new position in shares of Heritage Global during the 3rd quarter worth approximately $25,000. Two Sigma Securities LLC bought a new stake in shares of Heritage Global in the 4th quarter worth approximately $28,000. Janus Henderson Group PLC grew its holdings in shares of Heritage Global by 53.2% during the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after buying an additional 10,068 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 7,842 shares in the last quarter. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

About Heritage Global

(Get Free Report)

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.