Insider Tracker SEC Form 4 insider trades
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HGBL

Heritage Global Inc.

40
Insider Score Band below 60

AI score not needed: the AI review runs from a match score of 55.

Research score, not a recommendation.

Total bought$81.5K8 Form 4 purchases
Distinct insiders3open-market buyers
Lead insiderDOVE ROSSCEO
Cluster window2019-05-08 → 2019-06-13closed

Market data

Live quote and chart from Yahoo Finance, loaded through this server. Insider purchases are marked on the chart.

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partial data Price history is incomplete; missing inputs count as neutral in the score.

Why this score

Research score: a weighted blend of the five factors, times the routine and offering discounts, minus the selling penalty.

Breadth number & diversity of participating insiders
37%
Seniority executive rank of buyers (CEO/CFO/Director)
97%
Commitment purchase size relative to company & holdings
53%
Context buying into stock weakness signals conviction
50%
Timing coordinated purchases within a tight window
63%
Routine-purchase discount × 1.00
Company-type / offering discount × 1.00
Net insider selling penalty − 0

Why are they buying?

AI score not needed: the AI review runs only on clusters with a match score of 55 or more. The filings in the table below are the primary evidence.

Stock Price & Insider Purchase History

Daily close price with open-market insider purchases plotted over time

Loading price history…

Transactions

8 Form 4 trades · 3 insiders Sign in to download CSV
Purchases in this cluster, grouped by insider, largest first
Date Insider Role Shares Price Value Filing
2019-05-08 → 2019-05-13 Ludwig David Van history of Ludwig David Van's purchases President 88,105 $0.56 avg $49.8K
2019-05-08 Ludwig David Van 40,500 $0.58 $23.5K SEC filing for Ludwig David Van (opens in a new tab)
2019-05-10 Ludwig David Van 2,605 $0.58 $1.5K SEC filing for Ludwig David Van (opens in a new tab)
2019-05-13 Ludwig David Van 45,000 $0.55 $24.8K SEC filing for Ludwig David Van (opens in a new tab)
2019-05-24 → 2019-06-13 DOVE ROSS 11 purchases with a 63-day result · median -5.4% CEO 45,000 $0.66 avg $29.8K
2019-05-24 DOVE ROSS 28,500 $0.64 $18.2K SEC filing for DOVE ROSS (opens in a new tab)
2019-06-13 DOVE ROSS 16,500 $0.70 $11.6K SEC filing for DOVE ROSS (opens in a new tab)
2019-05-20 → 2019-05-31 Hexner Michael 11 purchases with a 63-day result · median +7.2% Director 3,400 $0.57 avg $1.9K
2019-05-20 Hexner Michael 15 $0.57 $9 SEC filing for Hexner Michael (opens in a new tab)
2019-05-24 Hexner Michael 125 $0.57 $71 SEC filing for Hexner Michael (opens in a new tab)
2019-05-31 Hexner Michael 3,260 $0.57 $1.9K SEC filing for Hexner Michael (opens in a new tab)
Total $81.5K

Other buying runs at HGBL

A run ends after a pause in the buying, so one company can have several. Returns are the stock's return minus its benchmark's (IWM for small companies, SPY otherwise), from the first open after the run became a cluster. Past results, not a forecast.

Other insider buying runs at this company, newest first, with the return against the benchmark that followed
Window Insiders Total Score 21 days63 days126 days Status
2026-08-17 → 2026-08-20 3 $99.3K 51 +22.9%–– active
2023-08-14 → 2023-09-13 5 $141.3K 55 -1.4%-5.4%-19.4% closed
2022-05-16 → 2022-05-27 4 $76.8K 59 +24.1%+29.8%+82.3% closed
2021-11-12 → 2021-12-30 6 $346.6K 63 -12.6%-3.1%-11.9% closed
2021-08-25 3 $138.0K 58 -5.6%-20.0%-13.9% closed
2020-10-02 → 2020-10-06 3 $3.3M 66 -15.5%+1.8%+7.9% closed
2020-05-22 3 $599.9K 53 ––– closed
2019-09-17 → 2019-09-27 3 $31.5K 38 ––– closed
2016-12-01 → 2016-12-30 4 $1.5M 54 ––– closed