Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells 10,000 Shares of 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, January 29th. The shares were sold at an average price of $2.13, for a total transaction of $21,300.00. Following the transaction, the insider now owns 957,479 shares of the company's stock, valued at approximately $2,039,430.27. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 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 shares were 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 Stock Up 1.4 %

Shares of NASDAQ HGBL traded up $0.03 during mid-day trading on Monday, hitting $2.19. 32,391 shares of the company traded hands, compared to its average volume of 69,356. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09. The stock has a market capitalization of $81.78 million, a price-to-earnings ratio of 7.82 and a beta of 1.16. The business has a 50 day moving average of $1.87 and a two-hundred day moving average of $1.84.

Heritage Global (NASDAQ:HGBL - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter. The business had revenue of $10.41 million during the quarter. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGBL. Dimensional Fund Advisors LP raised its position in 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 buying an additional 47,375 shares during the period. Koshinski Asset Management Inc. acquired a new position in Heritage Global during the third quarter valued at $1,801,000. Janus Henderson Group PLC raised its position in Heritage Global by 53.2% during the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company's stock valued at $49,000 after buying an additional 10,068 shares during the period. Jane Street Group LLC acquired a new position in Heritage Global in the 3rd quarter worth about $25,000. Finally, Geode Capital Management LLC increased its position in Heritage Global by 2.4% in 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 during the last quarter. 33.46% of the stock is owned by institutional investors and hedge funds.

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.