Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells 10,000 Shares of Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 1,017,479 shares of the company’s stock, valued at $1,658,490.77. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $1.61, for a total value of $16,100.00.

Heritage Global Stock Performance

Shares of Heritage Global stock traded up $0.05 during trading hours on Monday, hitting $1.67. The company’s stock had a trading volume of 21,170 shares, compared to its average volume of 74,523. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $2.01. Heritage Global Inc. has a 12-month low of $1.52 and a 12-month high of $3.09. The company has a market cap of $62.36 million, a PE ratio of 5.79 and a beta of 1.19.

Hedge Funds Weigh In On Heritage Global

Large investors have recently made changes to their positions in the business. Koshinski Asset Management Inc. purchased a new position in shares of Heritage Global in the third quarter valued at about $1,801,000. Janus Henderson Group PLC purchased a new position in shares of Heritage Global in the first quarter valued at about $54,000. Dimensional Fund Advisors LP lifted its position 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 valued at $1,107,000 after acquiring an additional 47,375 shares in the last quarter. Ancora Advisors LLC lifted 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 acquiring an additional 121,483 shares in the last quarter. Finally, Connective Capital Management LLC purchased a new stake in shares of Heritage Global in the first quarter worth about $538,000. 33.46% of the stock is currently 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.