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

Posted by Bonnie Powley on Feb 28th, 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, February 26th. The stock was sold at an average price of $2.02, for a total value of $20,200.00. Following the completion of the transaction, the insider now owns 927,479 shares of the company’s stock, valued at approximately $1,873,507.58. The trade was a 1.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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 transaction of $20,700.00.
On Wednesday, January 8th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.99, for a total transaction of $19,900.00.
On Wednesday, December 18th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.75, for a total value of $17,500.00.
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.

Heritage Global Stock Performance

Shares of HGBL opened at $2.04 on Friday. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09. The firm has a fifty day moving average of $2.04 and a 200-day moving average of $1.82. The company has a market cap of $76.18 million, a price-to-earnings ratio of 7.29 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of Heritage Global during the fourth quarter valued at approximately $28,000. Jane Street Group LLC bought a new stake in Heritage Global during the 3rd quarter valued at $25,000. Two Sigma Securities LLC acquired a new position in Heritage Global during the 4th quarter worth $28,000. Janus Henderson Group PLC grew its stake 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 purchasing an additional 10,068 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 purchasing an additional 7,842 shares in the last quarter. Institutional investors own 33.46% of the company’s stock.

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.