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 Heritage Global stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $1.61, for a total value of $16,100.00. Following the transaction, the insider now directly owns 1,027,479 shares in the company, valued at approximately $1,654,241.19. This trade represents a 0.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Heritage Global Price Performance

Shares of Heritage Global stock opened at $1.63 on Thursday. The company’s fifty day moving average price is $1.66 and its two-hundred day moving average price is $2.03. The firm has a market capitalization of $60.86 million, a PE ratio of 5.82 and a beta of 1.19. Heritage Global Inc. has a 52-week low of $1.52 and a 52-week high of $3.09.

Institutional Investors Weigh In On Heritage Global

Several large investors have recently modified their holdings of HGBL. Janus Henderson Group PLC acquired a new stake in Heritage Global during the 1st quarter valued at $54,000. Connective Capital Management LLC bought a new stake in shares of Heritage Global during the 1st quarter worth $538,000. Ancora Advisors LLC boosted its stake in shares of Heritage Global by 34.6% in the 1st quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock valued at $1,247,000 after purchasing an additional 121,483 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after acquiring an additional 47,375 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Heritage Global in the 3rd quarter valued at approximately $1,801,000. 33.46% of the stock is currently owned by 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.