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 business’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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Heritage Global Stock Performance

Heritage Global stock traded up $0.03 during midday trading on Wednesday, reaching $1.63. The stock had a trading volume of 34,926 shares, compared to its average volume of 75,044. The stock has a market capitalization of $60.86 million, a PE ratio of 5.71 and a beta of 1.19. The stock’s 50-day simple moving average is $1.66 and its 200 day simple moving average is $2.03. Heritage Global Inc. has a twelve month low of $1.52 and a twelve month high of $3.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Heritage Global during the third quarter worth $25,000. Janus Henderson Group PLC boosted its stake in shares of Heritage Global by 53.2% during the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after acquiring an additional 10,068 shares in the last quarter. Connective Capital Management LLC acquired a new position in shares of Heritage Global in the first quarter worth about $538,000. Geode Capital Management LLC boosted its position in shares of Heritage Global by 2.4% in the third 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 during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Heritage Global by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after purchasing an additional 47,375 shares during the period. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Global Company Profile

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.