Heritage Global Inc. (NASDAQ:HGBL) Insider Sells $20,700.00 in Stock

Heritage Global Inc. (NASDAQ:HGBL) insider David Van Ludwig sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $2.07, for a total value of $20,700.00. Following the completion of the sale, the insider now owns 907,479 shares of the company’s stock, valued at approximately $1,878,481.53. This represents a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

David Van Ludwig also recently made the following trade(s):

• On Wednesday, February 26th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $2.02, for a total value of $20,200.00.
• 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 value of $22,400.00.
• On Wednesday, January 29th, David Van Ludwig sold 10,000 shares of Heritage Global stock. The stock was sold at an average price of $2.13, for a total value 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 value 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 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.

Heritage Global Stock Performance

NASDAQ:HGBL opened at $2.10 on Monday. The stock has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $1.83. The stock has a market capitalization of $78.42 million, a price-to-earnings ratio of 7.50 and a beta of 1.22. Heritage Global Inc. has a 1 year low of $1.52 and a 1 year high of $3.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Topline Capital Management LLC purchased a new position in Heritage Global in the fourth quarter worth $3,565,000. Mink Brook Asset Management LLC purchased a new position in Heritage Global in the fourth quarter worth $3,454,000. Truffle Hound Capital LLC purchased a new position in Heritage Global in the fourth quarter worth $1,202,000. Geode Capital Management LLC raised its position in Heritage Global by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 361,632 shares of the company’s stock worth $669,000 after acquiring an additional 26,230 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position 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 acquiring an additional 9,222 shares in the last quarter. 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.