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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $1.75, for a total value of $17,500.00. Following the completion of the transaction, the insider now owns 987,479 shares in the company, valued at $1,728,088.25. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, December 5th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were 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 Trading Up 0.6 %

Heritage Global stock opened at $1.75 on Friday. The company has a market capitalization of $65.35 million, a P/E ratio of 6.25 and a beta of 1.18. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09. The firm’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.94.

Institutional Trading of Heritage Global

A number of institutional investors and hedge funds have recently made changes to their positions in HGBL. Dimensional Fund Advisors LP increased its holdings in shares of Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after acquiring an additional 47,375 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in Heritage Global during the third quarter valued at approximately $1,801,000. Janus Henderson Group PLC raised its position 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 valued at $49,000 after purchasing an additional 10,068 shares during the period. Jane Street Group LLC bought a new position in shares of Heritage Global in the third quarter valued at approximately $25,000. Finally, Geode Capital Management LLC lifted 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 buying an additional 7,842 shares during 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.