David Van Ludwig Sells 7,000 Shares of Heritage Global Inc. (NASDAQ:HGBL) Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 7,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1.97, for a total value of $13,790.00. Following the completion of the transaction, the insider now owns 900,479 shares of the company’s stock, valued at $1,773,943.63. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, March 6th, 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, February 26th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $2.02, for a total value of $20,200.00.
• On Wednesday, February 12th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $2.24, for a total value of $22,400.00.
• 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 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 shares were sold at an average price of $1.75, for a total value of $17,500.00.

Heritage Global Stock Performance

Heritage Global stock opened at $2.10 on Thursday. The stock has a market cap of $78.42 million, a PE ratio of 7.50 and a beta of 1.22. Heritage Global Inc. has a one year low of $1.52 and a one year high of $3.09. The stock has a fifty day moving average of $2.09 and a 200 day moving average of $1.83.

Institutional Trading of Heritage Global

A number of hedge funds have recently bought and sold shares of HGBL. Topline Capital Management LLC purchased a new stake in Heritage Global in the fourth quarter worth about $3,565,000. Mink Brook Asset Management LLC purchased a new stake in Heritage Global in the fourth quarter worth about $3,454,000. Truffle Hound Capital LLC purchased a new stake in Heritage Global in the fourth quarter worth about $1,202,000. Geode Capital Management LLC increased its position in Heritage Global by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 361,632 shares of the company’s stock worth $669,000 after buying an additional 26,230 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Heritage Global by 2.8% in the fourth quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after buying an additional 9,222 shares in the last quarter. Hedge funds and other institutional investors own 33.46% of the company’s stock.

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.