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 business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.63, for a total value of $16,300.00. Following the sale, the insider now directly owns 1,017,479 shares in the company, valued at $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 through the SEC website.

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 stock was sold at an average price of $1.61, for a total transaction of $16,100.00.

Heritage Global Stock Down 2.9 %

HGBL opened at $1.66 on Wednesday. The firm has a market capitalization of $61.98 million, a P/E ratio of 5.93 and a beta of 1.19. The stock has a fifty day moving average of $1.66 and a 200-day moving average of $2.00. Heritage Global Inc. has a 12-month low of $1.52 and a 12-month high of $3.09.

Institutional Investors Weigh In On Heritage Global

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Heritage Global during the 3rd quarter valued at about $25,000. Janus Henderson Group PLC grew its position in Heritage Global by 53.2% during the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after purchasing an additional 10,068 shares in the last quarter. Connective Capital Management LLC acquired a new position in Heritage Global in the 1st quarter valued at approximately $538,000. Geode Capital Management LLC lifted its position in Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after buying an additional 7,842 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after acquiring an additional 47,375 shares in the last quarter. 33.46% of the stock is owned by hedge funds and other 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.