Insider Selling: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Major Shareholder Sells $192,102.40 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $20.48, for a total value of $192,102.40. Following the transaction, the insider now owns 261,326 shares of the company’s stock, valued at $5,351,956.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

• On Wednesday, September 11th, Magnolia Capital Fund, Lp sold 4,550 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $20.30, for a total value of $92,365.00.
• On Monday, September 9th, Magnolia Capital Fund, Lp sold 5,033 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $20.15, for a total transaction of $101,414.95.
• On Thursday, September 5th, Magnolia Capital Fund, Lp sold 13,500 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $19.17, for a total transaction of $258,795.00.
• On Tuesday, September 3rd, Magnolia Capital Fund, Lp sold 2,900 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.05, for a total transaction of $55,245.00.
• On Thursday, August 29th, Magnolia Capital Fund, Lp sold 3,600 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.14, for a total transaction of $68,904.00.
• On Monday, August 26th, Magnolia Capital Fund, Lp sold 3,857 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $18.94, for a total value of $73,051.58.
• On Monday, August 12th, Magnolia Capital Fund, Lp sold 3,516 shares of Wheeler Real Estate Investment Trust stock. The shares were sold at an average price of $19.00, for a total value of $66,804.00.
• On Wednesday, July 31st, Magnolia Capital Fund, Lp sold 3,000 shares of Wheeler Real Estate Investment Trust stock. The stock was sold at an average price of $19.70, for a total value of $59,100.00.

Wheeler Real Estate Investment Trust Stock Performance

WHLR stock opened at $14.00 on Friday. The firm has a market cap of $7.94 million, a P/E ratio of 0.00 and a beta of 1.53. The firm’s fifty day moving average is $5.14 and its 200 day moving average is $5.55. Wheeler Real Estate Investment Trust, Inc. has a 52 week low of $2.90 and a 52 week high of $1,530.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC boosted its stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,912,371 shares of the real estate investment trust’s stock after acquiring an additional 13,041,184 shares during the quarter. Wheeler Real Estate Investment Trust accounts for about 4.0% of Stilwell Value LLC’s investment portfolio, making the stock its 4th largest holding. Stilwell Value LLC owned approximately 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 35.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, July 3rd. They set a “sell” rating on the stock.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.