On December 18, 2024, [David Ludwig](https://www.gurufocus.com/insider/113036/david-ludwig), President of a subsidiary of [Heritage Global Inc (HGBL, Financial)](https://www.gurufocus.com/stock/HGBL/summary), sold 10,000 shares of the company, according to a [SEC Filing](http://www.sec.gov/Archives/edgar/data/849145/000095017024138954/xslF345X01/ownership.xml). Following this transaction, the insider now owns 987,479 shares of the company.
[Heritage Global Inc (HGBL)](https://www.gurufocus.com/stock/HGBL/summary) is a company engaged in providing asset valuation, advisory, and auction services. The company operates through its subsidiaries, offering a range of services to maximize the value of underperforming and surplus assets.
Over the past year, [David Ludwig](https://www.gurufocus.com/insider/113036/david-ludwig) has sold a total of 50,000 shares and has not purchased any shares. The insider transaction history for [Heritage Global Inc](https://www.gurufocus.com/stock/HGBL/summary) indicates there have been 2 insider buys and 5 insider sells over the past year.
Shares of [Heritage Global Inc](https://www.gurufocus.com/stock/HGBL/summary) were trading at $1.75 on the day of the insider's recent sale, giving the stock a [market cap](https://www.gurufocus.com/term/mktcap/HGBL) of $62.729 million. The [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/HGBL) is 6.16, which is lower than the industry median of 18.7 and lower than the company’s historical median price-earnings ratio.
With a price of $1.75 and a [GF Value](https://www.gurufocus.com/term/gf-value/HGBL) of $2.52, Heritage Global Inc has a price-to-GF-Value ratio of 0.69. This suggests the stock is a "Possible Value Trap, Think Twice" based on its GF Value.
The [GF Value](https://www.gurufocus.com/term/gf-value/HGBL) is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/HGBL), [price-sales ratio](https://www.gurufocus.com/term/ps-ratio/HGBL), [price-book ratio](https://www.gurufocus.com/term/pb-ratio/HGBL), and [price-to-free cash flow](https://www.gurufocus.com/term/price-to-free-cash-flow/HGBL) that the stock has traded at, a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
