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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $2.07, for a total transaction of $20,700.00. Following the transaction, the insider now owns 907,479 shares of the company’s stock, valued at approximately $1,878,481.53. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 stock was sold at an average price of $2.13, for a total transaction of $21,300.00.
• On Wednesday, January 15th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were 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 Stock Down 0.5 %

NASDAQ HGBL opened at $2.10 on Friday. The company has a market cap of $78.42 million, a PE ratio of 7.50 and a beta of 1.22. Heritage Global Inc. has a 52 week low of $1.52 and a 52 week high of $3.09. The firm’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $1.82.

Institutional Trading of Heritage Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Heritage Global by 2.4% in 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 period. Renaissance Technologies LLC lifted its position in shares of Heritage Global by 2.8% during the fourth quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after acquiring an additional 9,222 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Heritage Global by 53.2% in the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after acquiring an additional 10,068 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Heritage Global in the fourth quarter valued at $28,000. Finally, Jane Street Group LLC bought a new stake in shares of Heritage Global during the 3rd quarter valued at $25,000. 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.