Koshinski Asset Management Inc. Sells 50,000 Shares of Heritage Global Inc. (NASDAQ:HGBL)

Koshinski Asset Management Inc. cut its stake in Heritage Global Inc. (NASDAQ:HGBL) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,009,304 shares of the company’s stock after selling 50,000 shares during the period. Koshinski Asset Management Inc.’s holdings in Heritage Global were worth $1,867,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Heritage Global by 2.4% during the third 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. Jane Street Group LLC bought a new position in shares of Heritage Global during the third quarter worth $25,000. Janus Henderson Group PLC grew its holdings in shares of 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. Finally, Dimensional Fund Advisors LP increased its position in shares of Heritage Global by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after buying an additional 47,375 shares in the last quarter. 33.46% of the stock is currently owned by institutional investors and hedge funds.

Heritage Global Trading Down 1.9 %

Shares of Heritage Global stock opened at $2.03 on Tuesday. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09. The company has a market capitalization of $75.80 million, a PE ratio of 7.25 and a beta of 1.16. The stock’s fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.87.

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.