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

Posted by James Quigley on Mar 1st, 2025

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) insider David Van Ludwig sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $2.02, for a total value of $20,200.00. Following the completion of the transaction, the insider now owns 927,479 shares in the company, valued at $1,873,507.58. This represents a 1.07 % decrease in their position. 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, 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 transaction 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 transaction of $21,300.00.
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 transaction 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.

Heritage Global Stock Up 2.5 %

Shares of Heritage Global stock opened at $2.09 on Friday. Heritage Global Inc. has a 12-month low of $1.52 and a 12-month high of $3.09. The stock has a market capitalization of $78.04 million, a P/E ratio of 7.46 and a beta of 1.17. The stock has a 50 day moving average price of $2.04 and a two-hundred day moving average price of $1.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HGBL. Geode Capital Management LLC boosted its holdings in Heritage Global by 2.4% during the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after acquiring an additional 7,842 shares during the period. Janus Henderson Group PLC increased its stake in shares of 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 during the period. Mink Brook Asset Management LLC acquired a new position in shares of Heritage Global during the 4th quarter worth about $3,454,000. NewEdge Advisors LLC bought a new stake in Heritage Global during the 4th quarter valued at approximately $28,000. Finally, Two Sigma Securities LLC acquired a new stake in Heritage Global in the 4th quarter valued at approximately $28,000. 33.46% of the stock is currently owned by institutional investors and hedge funds.

About Heritage Global

(Get Free Report)

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.