Insider Selling: Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $20,200.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $2.02, for a total transaction of $20,200.00. Following the completion of the transaction, the insider now directly owns 927,479 shares of the company’s stock, valued at approximately $1,873,507.58. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 shares were 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 stock was sold at an average price of $1.99, for a total transaction 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 transaction of $17,500.00.
• On Thursday, December 5th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $1.76, for a total transaction of $17,600.00.

Heritage Global Stock Performance

NASDAQ HGBL opened at $2.09 on Friday. Heritage Global Inc. has a 52-week low of $1.52 and a 52-week high of $3.09. The company has a market capitalization of $78.04 million, a P/E ratio of 7.46 and a beta of 1.17. The company has a fifty day moving average of $2.04 and a 200-day moving average of $1.82.

Institutional Trading of Heritage Global

Hedge funds have recently made changes to their positions in the stock. Mink Brook Asset Management LLC bought a new stake in Heritage Global in the fourth quarter worth $3,454,000. Two Sigma Securities LLC bought a new stake in Heritage Global in the fourth quarter worth $28,000. Topline Capital Management LLC bought a new stake in Heritage Global in the fourth quarter worth $3,565,000. NewEdge Advisors LLC bought a new stake in Heritage Global in the fourth quarter worth $28,000. Finally, Renaissance Technologies LLC lifted its stake 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 purchasing an additional 9,222 shares during the last quarter. 33.46% of the stock is owned by 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.