Insider Selling: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Major Shareholder Sells $32,626.16 in Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Financial Lp Hrt sold 66,584 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total transaction of $32,626.16. Following the sale, the insider owned 95,390 shares of the company’s stock, valued at $46,741.10. This trade represents a 41.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, July 7th, Financial Lp Hrt bought 40,591 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average price of $0.60 per share, for a total transaction of $24,354.60.
• On Monday, July 6th, Financial Lp Hrt purchased 21,703 shares of Wheeler Real Estate Investment Trust stock. The shares were bought at an average price of $0.08 per share, with a total value of $1,736.24.
• On Thursday, July 2nd, Financial Lp Hrt purchased 17,348 shares of Wheeler Real Estate Investment Trust stock. The stock was bought at an average cost of $1.39 per share, for a total transaction of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt acquired 14,698 shares of Wheeler Real Estate Investment Trust stock. The stock was purchased at an average price of $1.14 per share, for a total transaction of $16,755.72.
• On Tuesday, June 30th, Financial Lp Hrt acquired 24,997 shares of Wheeler Real Estate Investment Trust stock. The shares were purchased at an average cost of $1.38 per share, with a total value of $34,495.86.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLR traded down $0.02 during trading hours on Friday, reaching $0.41. The stock had a trading volume of 2,540,820 shares, compared to its average volume of 2,679,820. The stock has a market cap of $224,980.20, a P/E ratio of -0.00 and a beta of 1.08. The stock has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $63.19. Wheeler Real Estate Investment Trust, Inc. has a 12-month low of $0.39 and a 12-month high of $2,178.22.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the 2nd quarter worth about $80,000. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. Finally, HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $38,000. 35.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.