Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $20,700.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $2.07, for a total value of $20,700.00. Following the sale, the insider now owns 967,479 shares of the company’s stock, valued at $2,002,681.53. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Price Performance

Shares of NASDAQ HGBL opened at $2.03 on Friday. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09. The company has a market capitalization of $75.80 million, a P/E ratio of 7.25 and a beta of 1.16. The company has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HGBL. Jane Street Group LLC acquired a new position in Heritage Global during the 3rd quarter worth $25,000. Janus Henderson Group PLC lifted its position 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 acquiring an additional 10,068 shares during the last quarter. Geode Capital Management LLC increased its position in Heritage Global by 2.4% during 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 period. Dimensional Fund Advisors LP grew its position in Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after purchasing an additional 47,375 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in Heritage Global in the 3rd quarter valued at about $1,801,000. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

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.