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

Heritage Global Inc. (NASDAQ:HGBLGet Free Report) insider David Van Ludwig sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $1.99, for a total value of $19,900.00. Following the completion of the sale, the insider now owns 977,479 shares in the company, valued at $1,945,183.21. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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 stock was 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 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 stock was sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Stock Up 1.0 %

NASDAQ:HGBL opened at $2.03 on Wednesday. The stock has a market cap of $75.80 million, a price-to-earnings ratio of 7.25 and a beta of 1.16. The company’s 50 day moving average price is $1.75 and its 200-day moving average price is $1.87. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09.

Institutional Trading of Heritage Global

Institutional investors have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. purchased a new position in shares of Heritage Global in the third quarter worth $1,801,000. Dimensional Fund Advisors LP increased its holdings in Heritage Global by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after buying an additional 47,375 shares in the last quarter. Jane Street Group LLC purchased a new position in Heritage Global in the 3rd quarter worth about $25,000. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 10,068 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Heritage Global by 2.4% in the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after acquiring an additional 7,842 shares during the period. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Global Company Profile

(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.

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