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

Posted by Matthew Jenks on Mar 1st, 2025

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) insider David Van Ludwig sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $2.02, for a total transaction of $20,200.00. Following the transaction, the insider now directly owns 927,479 shares of the company’s stock, valued at $1,873,507.58. This represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 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 value of $19,900.00.
On Wednesday, December 18th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was 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 shares were sold at an average price of $1.76, for a total transaction of $17,600.00.

Heritage Global Stock Performance

Shares of Heritage Global stock opened at $2.09 on Friday. The firm has a market cap of $78.04 million, a P/E ratio of 7.46 and a beta of 1.17. The firm’s 50-day simple moving average is $2.04 and its 200-day simple moving average is $1.82. Heritage Global Inc. has a twelve month low of $1.52 and a twelve month high of $3.09.

Institutional Investors Weigh In On Heritage Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC acquired a new stake in Heritage Global in the 4th quarter valued at $3,565,000. Mink Brook Asset Management LLC acquired a new position in Heritage Global during the fourth quarter worth $3,454,000. Truffle Hound Capital LLC bought a new position in shares of Heritage Global during the fourth quarter valued at $1,202,000. Geode Capital Management LLC boosted its stake in shares of Heritage Global by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 361,632 shares of the company’s stock valued at $669,000 after purchasing an additional 26,230 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Heritage Global by 2.8% in the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after purchasing an additional 9,222 shares during the last quarter. 33.46% of the stock is owned by institutional investors and hedge funds.

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.