Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $22,400.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $2.24, for a total transaction of $22,400.00. Following the transaction, the insider now directly owns 947,479 shares in the company, valued at approximately $2,122,352.96. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 stock was 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 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 transaction 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 transaction 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 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 %

Heritage Global stock opened at $2.24 on Friday. Heritage Global Inc. has a twelve month low of $1.52 and a twelve month high of $3.09. The business has a fifty day moving average of $1.97 and a two-hundred day moving average of $1.83. The firm has a market cap of $83.64 million, a P/E ratio of 8.00 and a beta of 1.17.

Institutional Investors Weigh In On Heritage Global

Hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in Heritage Global in the fourth quarter valued at about $28,000. Topline Capital Management LLC bought a new stake in shares of Heritage Global in the 4th quarter valued at about $3,565,000. NewEdge Advisors LLC bought a new stake in shares of Heritage Global in the 4th quarter valued at about $28,000. Renaissance Technologies LLC grew its position in shares of Heritage Global by 2.8% in the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after buying an additional 9,222 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 26,230 shares in the last quarter. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

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.