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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $2.24, for a total value of $22,400.00. Following the completion of the sale, the insider now owns 947,479 shares of the company’s stock, valued at approximately $2,122,352.96. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were sold at an average price of $2.07, for a total transaction 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.
• 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 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 Down 1.3 %

Shares of NASDAQ:HGBL opened at $2.24 on Friday. Heritage Global Inc. has a 52-week low of $1.52 and a 52-week high of $3.09. The stock has a market cap of $83.64 million, a price-to-earnings ratio of 8.00 and a beta of 1.17. The business has a 50-day moving average price of $1.97 and a 200-day moving average price of $1.83.

Hedge Funds Weigh In On Heritage Global

A number of institutional investors have recently bought and sold shares of HGBL. Topline Capital Management LLC purchased a new stake in shares of Heritage Global in the 4th quarter valued at $3,565,000. Truffle Hound Capital LLC acquired a new position in Heritage Global during the fourth quarter valued at $1,202,000. Geode Capital Management LLC boosted its holdings in Heritage Global by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 361,632 shares of the company’s stock valued at $669,000 after purchasing an additional 26,230 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Heritage Global in the fourth quarter valued at $28,000. Finally, Jane Street Group LLC acquired a new stake in Heritage Global during the 3rd quarter worth about $25,000. 33.46% of the stock is 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.