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

Heritage Global Inc. (NASDAQ:HGBL - Get Free Report) insider David Van Ludwig sold 10,000 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $1.99, for a total transaction of $19,900.00. Following the completion of the sale, the insider now owns 977,479 shares of the company's stock, valued at $1,945,183.21. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value 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 value of $17,600.00.
• 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 Price Performance

Shares of Heritage Global stock traded up $0.03 during midday trading on Monday, hitting $2.01. The company had a trading volume of 66,972 shares, compared to its average volume of 109,325. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09. The business's 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $1.88. The stock has a market cap of $75.06 million, a PE ratio of 7.18 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Heritage Global during the third quarter worth about $25,000. Janus Henderson Group PLC lifted its position in shares of Heritage Global by 53.2% in the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company's stock worth $49,000 after acquiring an additional 10,068 shares during the period. Geode Capital Management LLC grew its holdings 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 purchasing an additional 7,842 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Heritage Global by 11.8% during 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 shares of Heritage Global during the third quarter valued at approximately $1,801,000. Institutional investors own 33.46% of the company's stock.

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.