Stilwell Value LLC recently announced the acquisition of new stake in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). The institutional investor has increased its shareholding in the Real Estate company by 17,128.58% to 20.35 million shares with purchase of 20.23 million shares. This fresh investment now brings its stake to 37.85% valued currently at $7.73 million. In addition, Steamboat Capital Partners LLC raised its holdings by 0.29 million to 0.29 million shares. And Renaissance Technologies LLC has lifted its position by 154.97% or 15706.0 shares – to 25841.0 shares.
Currently, there are 53.77M common shares owned by the public and among those 53.40M shares have been available to trade.
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Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 3,000 shares.
The top 3 mutual fund holders in Wheeler Real Estate Investment Trust Inc are iShares Core S&P Total US Stock M, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. iShares Core S&P Total US Stock M owns 0.25 million shares of the company’s stock, all valued at over $95287.0. The company bought an additional 0.25 million shares recently to bring their total holdings to about 1.43% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.01% of the shares outstanding.
However, the script later moved the day high at 0.3164, up 31.11%. The company’s stock has a 5-day price change of -12.49% and -91.83% over the past three months. WHLR shares are trading -97.89% year to date (YTD), with the 12-month market performance down to -98.21% lower. It has a 12-month low price of $0.16 and touched a high of $19.01 over the same period. WHLR has an average intraday trading volume of 6.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.94%, -48.06%, and -95.18% respectively.
Institutional ownership of Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) shares accounts for 38.97% of the company’s 53.77M shares outstanding. Mutual fund holders own 37.50%, while other institutional holders and individual stakeholders account for 38.88% and 1.46% respectively.
It has a market capitalization of $15.86M and a beta (3y monthly) value of 2.07. The earnings-per-share (ttm) stands at -$48.42. The company has a debt-to-equity ratio at 8.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 26.84% over the week and 29.16% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Looking at the support for the WHLR, a number of firms have released research notes about the stock. B. Riley FBR Inc. stated their Buy rating for the stock in a research note on February 20, 2018, with the firm’s price target at $13-$9.
