Magnolia Capital Fund, Lp Sells 9,380 Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Stock

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total transaction of $192,102.40. Following the sale, the insider now directly owns 261,326 shares of the company’s stock, valued at approximately $5,351,956.48. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was 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 shares were 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 stock was 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 shares were 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 transaction of $73,051.58.
• On Monday, August 12th, Magnolia Capital Fund, Lp sold 3,516 shares of Wheeler Real Estate Investment Trust stock. The stock was 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 shares were sold at an average price of $19.70, for a total value of $59,100.00.

Wheeler Real Estate Investment Trust Stock Down 7.0 %

Shares of WHLR traded down $0.47 during trading on Thursday, reaching $6.27. 934,587 shares of the company traded hands, compared to its average volume of 1,466,436. The stock has a 50-day simple moving average of $5.19 and a 200-day simple moving average of $5.43. The stock has a market cap of $3.57 million, a PE ratio of 0.00 and a beta of 1.53. Wheeler Real Estate Investment Trust, Inc. has a twelve month low of $0.97 and a twelve month high of $547.20.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC raised its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 17,568.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,871,187 shares of the real estate investment trust’s stock after buying an additional 20,753,058 shares during the period. Wheeler Real Estate Investment Trust comprises about 4.7% of Stilwell Value LLC’s holdings, making the stock its 4th largest holding. Stilwell Value LLC owned about 646.17% of Wheeler Real Estate Investment Trust worth $6,368,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Wheeler Real Estate Investment Trust in a research report on Wednesday, July 3rd. They set a “sell” rating for the company.

About Wheeler Real Estate Investment Trust

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.