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 firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $2.02, for a total value of $20,200.00. Following the sale, the insider now directly owns 927,479 shares of the company's stock, valued at $1,873,507.58. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

Heritage Global Stock Performance

Shares of HGBL traded down $0.05 during mid-day trading on Monday, hitting $2.04. 52,945 shares of the company's stock were exchanged, compared to its average volume of 60,434. The stock's 50-day moving average is $2.05 and its 200-day moving average is $1.82. Heritage Global Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.09. The company has a market cap of $76.18 million, a price-to-earnings ratio of 7.29 and a beta of 1.17.

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Institutional Investors Weigh In On Heritage Global

A number of hedge funds have recently added to or reduced their stakes in HGBL. Topline Capital Management LLC acquired a new position in shares of Heritage Global in the fourth quarter worth $3,565,000. Mink Brook Asset Management LLC acquired a new position in Heritage Global during the 4th quarter worth $3,454,000. Truffle Hound Capital LLC purchased a new stake in Heritage Global during the 4th quarter worth about $1,202,000. Geode Capital Management LLC increased its holdings in Heritage Global by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 361,632 shares of the company's stock worth $669,000 after purchasing an additional 26,230 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Heritage Global in the 4th quarter valued at about $28,000. 33.46% of the stock is currently owned by institutional investors and hedge funds.

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.