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 stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $2.07, for a total value of $20,700.00. Following the transaction, the insider now directly owns 967,479 shares in the company, valued at approximately $2,002,681.53. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 transaction 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 transaction 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 value of $16,100.00.

Heritage Global Price Performance

HGBL opened at $2.03 on Friday. The business has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.88. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09. The stock has a market capitalization of $75.80 million, a price-to-earnings ratio of 7.25 and a beta of 1.16.

Hedge Funds Weigh In On Heritage Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Koshinski Asset Management Inc. acquired a new stake in Heritage Global in the third quarter valued at approximately $1,801,000. Dimensional Fund Advisors LP increased its position in shares of Heritage Global by 11.8% in the 2nd 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after purchasing an additional 7,842 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Heritage Global by 53.2% during the 3rd 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 during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Heritage Global during the third quarter worth $25,000. 33.46% of the stock is owned by institutional investors and hedge funds.

About Heritage Global

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.