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

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 Wednesday, February 12th. The stock was sold at an average price of $2.24, for a total transaction of $22,400.00. Following the sale, the insider now directly owns 947,479 shares in the company, valued at approximately $2,122,352.96. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 stock was 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 shares were 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 stock was 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 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 transaction of $16,100.00.

Heritage Global Stock Down 1.3 %

Shares of HGBL traded down $0.03 during mid-day trading on Monday, reaching $2.24. 33,089 shares of the company's stock were exchanged, compared to its average volume of 52,703. Heritage Global Inc. has a 52-week low of $1.52 and a 52-week high of $3.09. The company has a market cap of $83.64 million, a price-to-earnings ratio of 8.00 and a beta of 1.17. The company has a 50-day simple moving average of $1.98 and a two-hundred day simple moving average of $1.82.

Institutional Investors Weigh In On Heritage Global

A number of large investors have recently bought and sold shares of HGBL. Geode Capital Management LLC increased its position in 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. Janus Henderson Group PLC boosted its stake 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. Mink Brook Asset Management LLC purchased a new stake in shares of Heritage Global during the fourth quarter worth about $3,454,000. NewEdge Advisors LLC purchased a new stake in shares of Heritage Global during the fourth quarter worth about $28,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Heritage Global in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds 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.