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

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.63, for a total value of $16,300.00. Following the sale, the insider now owns 1,017,479 shares in the company, valued at approximately $1,658,490.77. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 Price Performance

Shares of HGBL traded up $0.05 during mid-day trading on Monday, reaching $1.67. 21,170 shares of the company’s stock traded hands, compared to its average volume of 74,523. The stock has a market cap of $62.36 million, a P/E ratio of 5.79 and a beta of 1.19. The stock’s 50-day moving average is $1.66 and its two-hundred day moving average is $2.01. Heritage Global Inc. has a 12 month low of $1.52 and a 12 month high of $3.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in 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 purchasing an additional 7,842 shares in the last quarter. Janus Henderson Group PLC grew its stake in Heritage Global by 53.2% in the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after purchasing an additional 10,068 shares in the last quarter. Jane Street Group LLC bought a new position in Heritage Global in the third quarter worth approximately $25,000. Dimensional Fund Advisors LP grew its stake in Heritage Global by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after purchasing an additional 47,375 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Heritage Global by 34.6% in the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock worth $1,247,000 after purchasing an additional 121,483 shares in the last quarter. Institutional investors own 33.46% of the company’s stock.

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.