Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $17,600.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of Heritage Global stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1.76, for a total transaction of $17,600.00. Following the transaction, the insider now owns 997,479 shares in the company, valued at approximately $1,755,563.04. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, November 21st, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.63, for a total value of $16,300.00.
• On Tuesday, November 19th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $1.61, for a total value of $16,100.00.

Heritage Global Trading Down 1.7 %

HGBL stock opened at $1.72 on Monday. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09. The stock has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.97. The firm has a market cap of $64.22 million, a PE ratio of 6.14 and a beta of 1.18.

Institutional Investors Weigh In On Heritage Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Heritage Global during the third quarter valued at about $25,000. Janus Henderson Group PLC lifted its stake in 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 last quarter. Geode Capital Management LLC grew its stake in shares of Heritage Global by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after acquiring an additional 7,842 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Heritage Global by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after purchasing an additional 47,375 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in Heritage Global during the 3rd quarter valued at $1,801,000. 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.