David Van Ludwig Sells 7,000 Shares of Heritage Global Inc. (NASDAQ:HGBL) Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1.97, for a total transaction of $13,790.00. Following the sale, the insider now owns 900,479 shares of the company’s stock, valued at approximately $1,773,943.63. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, March 6th, 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, February 26th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.02, for a total transaction of $20,200.00.
• On Wednesday, February 12th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $2.24, for a total transaction of $22,400.00.
• On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.13, for a total value 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 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.

Heritage Global Trading Up 6.1 %

NASDAQ HGBL traded up $0.12 during trading on Wednesday, reaching $2.10. The company’s stock had a trading volume of 44,845 shares, compared to its average volume of 58,636. The stock has a market capitalization of $78.42 million, a PE ratio of 7.50 and a beta of 1.22. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09. The business has a 50-day moving average price of $2.09 and a 200-day moving average price of $1.83.

Institutional Investors Weigh In On Heritage Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Heritage Global in the third quarter worth $25,000. NewEdge Advisors LLC acquired a new stake in shares of Heritage Global in the fourth quarter worth about $28,000. Two Sigma Securities LLC bought a new stake in shares of Heritage Global during the 4th quarter worth about $28,000. Janus Henderson Group PLC increased its holdings in shares of 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 last quarter. Finally, Geode Capital Management LLC raised its stake 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 acquiring an additional 7,842 shares in the last quarter. Institutional investors and hedge funds 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.