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 the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $2.24, for a total transaction of $22,400.00. Following the completion of the sale, the insider now owns 947,479 shares of the company’s stock, valued at $2,122,352.96. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 stock was sold at an average price of $2.07, for a total transaction of $20,700.00.
• On Wednesday, January 8th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 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.
• 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 transaction 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 Price Performance

Shares of HGBL opened at $2.27 on Friday. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09. The company has a 50-day moving average of $1.95 and a 200 day moving average of $1.83. The firm has a market capitalization of $84.76 million, a price-to-earnings ratio of 8.11 and a beta of 1.17.

Institutional Investors Weigh In On Heritage Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Heritage Global during the 3rd quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in Heritage Global during the 4th quarter valued at about $28,000. 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. Geode Capital Management LLC increased its position in Heritage Global by 2.4% during 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 during the period. Finally, Renaissance Technologies LLC increased its position in Heritage Global by 2.8% during the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock valued at $629,000 after purchasing an additional 9,222 shares during the period. 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.