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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 in the company, valued at approximately $5,351,956.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 transaction 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 value 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 value 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 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 Price Performance

WHLR stock traded down $0.47 during trading on Thursday, hitting $6.27. The stock had a trading volume of 934,587 shares, compared to its average volume of 1,466,436. Wheeler Real Estate Investment Trust, Inc. has a twelve month low of $0.97 and a twelve month high of $547.20. The company’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $5.43. The stock has a market capitalization of $3.57 million, a P/E ratio of 0.00 and a beta of 1.53.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC acquired a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust comprises approximately 0.2% of Bandera Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Bandera Partners LLC owned about 75.40% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.