Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $16,100.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $1.61, for a total value of $16,100.00. Following the completion of the transaction, the insider now owns 1,027,479 shares of the company’s stock, valued at $1,654,241.19. This trade represents a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Heritage Global Stock Up 0.6 %

Shares of HGBL stock opened at $1.62 on Friday. Heritage Global Inc. has a 12-month low of $1.52 and a 12-month high of $3.09. The company has a 50 day moving average of $1.66 and a 200-day moving average of $2.02. The firm has a market cap of $60.49 million, a P/E ratio of 5.79 and a beta of 1.19.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. purchased a new stake in Heritage Global in the 3rd quarter worth about $1,801,000. Janus Henderson Group PLC bought a new position in Heritage Global during the first quarter worth about $54,000. Dimensional Fund Advisors LP increased its stake in shares of 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. Ancora Advisors LLC raised its position in shares of Heritage Global by 34.6% in the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock valued at $1,247,000 after purchasing an additional 121,483 shares during the period. Finally, Connective Capital Management LLC purchased a new stake in shares of Heritage Global during the 1st quarter valued at approximately $538,000. Hedge funds and other 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.