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 dated Thursday, March 6th. The shares were sold at an average price of $2.07, for a total value of $20,700.00. Following the completion of the sale, the insider now directly owns 907,479 shares of the company's stock, valued at $1,878,481.53. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $2.02, for a total transaction 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 transaction 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 shares were 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 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 stock was sold at an average price of $1.75, for a total transaction of $17,500.00.

Heritage Global Stock Down 1.0 %

HGBL traded down $0.02 during trading on Tuesday, hitting $1.98. 21,695 shares of the company traded hands, compared to its average volume of 58,996. The stock's fifty day moving average is $2.09 and its 200 day moving average is $1.83. Heritage Global Inc. has a one year low of $1.52 and a one year high of $3.09. The firm has a market cap of $73.94 million, a P/E ratio of 7.07 and a beta of 1.22.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Topline Capital Management LLC bought a new stake in Heritage Global during the 4th quarter valued at $3,565,000. Mink Brook Asset Management LLC bought a new position in shares of Heritage Global in the fourth quarter valued at approximately $3,454,000. Truffle Hound Capital LLC purchased a new position in Heritage Global during the fourth quarter valued at approximately $1,202,000. Geode Capital Management LLC lifted its stake in Heritage Global by 7.8% in 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 in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Heritage Global in the 4th quarter valued at $28,000. 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.