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 company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major 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 shares were acquired at an average cost of $0.60 per share, for a total transaction of $24,354.60.
• On Monday, July 6th, Financial Lp Hrt bought 21,703 shares of Wheeler Real Estate Investment Trust stock. The stock was acquired at an average price of $0.08 per share, for a total transaction 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 acquired at an average cost of $1.39 per share, with a total value of $24,113.72.
• On Wednesday, July 1st, Financial Lp Hrt purchased 14,698 shares of Wheeler Real Estate Investment Trust stock. The shares were acquired at an average price of $1.14 per share, with a total value 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 bought at an average cost of $1.38 per share, for a total transaction of $34,495.86.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR remained flat at $0.43 on Thursday. The stock had a trading volume of 1,782,880 shares, compared to its average volume of 574,051. The stock has a market capitalization of $236,500.00, a PE ratio of -0.00 and a beta of 1.08. The business has a 50 day simple moving average of $12.73 and a 200-day simple moving average of $64.44. Wheeler Real Estate Investment Trust, Inc. has a 52-week low of $0.40 and a 52-week high of $2,210.40.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of hedge funds have recently modified their holdings of the company. HRT Financial LP purchased a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $38,000. Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $62,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust during the 2nd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.