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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $2.13, for a total transaction of $21,300.00. Following the completion of the transaction, the insider now owns 957,479 shares in the company, valued at approximately $2,039,430.27. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, January 15th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 stock was 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 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 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 transaction of $16,100.00.

Heritage Global Stock Performance

HGBL stock opened at $2.15 on Friday. The stock has a market capitalization of $80.28 million, a PE ratio of 7.68 and a beta of 1.16. The company has a fifty day moving average of $1.85 and a 200-day moving average of $1.85. Heritage Global Inc. has a one year low of $1.52 and a one year high of $3.09.

Heritage Global (NASDAQ:HGBL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The firm had revenue of $10.41 million during the quarter.

Institutional Trading of Heritage Global

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Heritage Global in the third quarter worth $25,000. Janus Henderson Group PLC increased its holdings in shares of Heritage Global by 53.2% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Heritage Global by 2.4% in the 3rd 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. Dimensional Fund Advisors LP lifted 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. Finally, Koshinski Asset Management Inc. purchased a new stake in Heritage Global during the third quarter worth about $1,801,000. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

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.