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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $2.07, for a total transaction of $20,700.00. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $2.02, for a total value 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 value of $22,400.00.
• On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The shares were sold at an average price of $2.13, for a total value of $21,300.00.
• On Wednesday, January 15th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 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 transaction of $17,500.00.

Heritage Global Stock Performance

Heritage Global stock opened at $2.10 on Friday. Heritage Global Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.09. The stock has a market cap of $78.42 million, a P/E ratio of 7.50 and a beta of 1.22. The firm’s fifty day moving average price is $2.07 and its 200-day moving average price is $1.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Heritage Global during the third quarter worth about $25,000. NewEdge Advisors LLC purchased a new position in shares of Heritage Global during the 4th quarter valued at about $28,000. Two Sigma Securities LLC bought a new stake in Heritage Global in the 4th quarter worth approximately $28,000. Janus Henderson Group PLC boosted 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 worth $49,000 after buying an additional 10,068 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 valued at $570,000 after acquiring an additional 7,842 shares during the last quarter. 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.