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

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

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 stock was 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 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 Friday. The company has a market cap of $65.35 million, a price-to-earnings ratio of 6.25 and a beta of 1.18. The stock’s fifty day moving average price is $1.69 and its 200 day moving average price is $1.94. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09.

Institutional Trading of Heritage Global

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Heritage Global during the third quarter worth about $25,000. Janus Henderson Group PLC increased its holdings in Heritage Global by 53.2% in the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after buying an additional 10,068 shares during the period. Geode Capital Management LLC raised 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 worth $570,000 after buying an additional 7,842 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Heritage Global by 11.8% during the 2nd 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 during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Heritage Global in the 3rd quarter valued at $1,801,000. Hedge funds and other institutional investors own 33.46% of the company’s stock.

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.