Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells 10,000 Shares of Stock

Posted by Tech Dows on Jan 30th, 2025

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $2.13, for a total value of $21,300.00. Following the sale, the insider now owns 957,479 shares in the company, valued at $2,039,430.27. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction 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 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 Stock Performance

Shares of NASDAQ:HGBL traded up $0.11 during trading on Thursday, reaching $2.20. The company had a trading volume of 13,092 shares, compared to its average volume of 72,592. The firm’s fifty day moving average is $1.85 and its 200 day moving average is $1.85. The firm has a market capitalization of $82.15 million, a PE ratio of 7.86 and a beta of 1.16. Heritage Global Inc. has a twelve month low of $1.52 and a twelve month high of $3.09.

Heritage Global (NASDAQ:HGBL – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $10.41 million during the quarter. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%.

Institutional Trading of Heritage Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in HGBL. Dimensional Fund Advisors LP lifted its stake in Heritage Global by 11.8% during 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 last quarter. Koshinski Asset Management Inc. acquired a new position in Heritage Global in the 3rd quarter valued at approximately $1,801,000. Janus Henderson Group PLC increased its stake in 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 buying an additional 10,068 shares during the period. Jane Street Group LLC acquired a new position in Heritage Global in the 3rd quarter valued at approximately $25,000. Finally, Geode Capital Management LLC increased its stake in 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 buying an additional 7,842 shares during the period. 33.46% of the stock is owned by institutional investors and hedge funds.

About Heritage Global

(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.