Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $17,500.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $1.75, for a total value of $17,500.00. Following the transaction, the insider now directly owns 987,479 shares of the company’s stock, valued at $1,728,088.25. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $17,600.00.
• On Thursday, November 21st, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.63, for a total transaction 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 Price Performance

NASDAQ:HGBL opened at $1.75 on Monday. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09. The firm has a market capitalization of $65.35 million, a PE ratio of 6.25 and a beta of 1.18. The business’s fifty day moving average price is $1.69 and its 200 day moving average price is $1.94.

Institutional Trading of Heritage Global

Institutional investors have recently modified their holdings of the stock. Koshinski Asset Management Inc. purchased a new position in shares of Heritage Global in the 3rd quarter valued at $1,801,000. Dimensional Fund Advisors LP boosted its stake in 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 acquiring an additional 47,375 shares in the last quarter. 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 worth $570,000 after purchasing an additional 7,842 shares during the last quarter. Janus Henderson Group PLC increased its position 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 worth $49,000 after purchasing an additional 10,068 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Heritage Global during the third quarter worth about $25,000. Hedge funds and other institutional investors own 33.46% of the company’s stock.

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.