Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $21,300.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the company’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 completion of the sale, the insider now directly owns 957,479 shares in the company, valued at $2,039,430.27. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 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 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 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 transaction of $16,100.00.

Heritage Global Price Performance

NASDAQ:HGBL opened at $2.15 on Friday. The firm has a market cap of $80.28 million, a PE ratio of 7.68 and a beta of 1.16. The firm has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $1.85. Heritage Global Inc. has a 1-year low of $1.52 and a 1-year high of $3.09.

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

Hedge Funds Weigh In On Heritage Global

Several institutional investors have recently added to or reduced their stakes in HGBL. Jane Street Group LLC acquired a new stake in Heritage Global in the 3rd quarter worth about $25,000. Janus Henderson Group PLC lifted its holdings 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 acquiring an additional 10,068 shares during the period. Geode Capital Management LLC boosted its position in shares of Heritage Global by 2.4% in the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after acquiring an additional 7,842 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Heritage Global by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after purchasing an additional 47,375 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in Heritage Global during the third quarter worth approximately $1,801,000. 33.46% of the stock is currently owned by institutional investors and hedge funds.

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.