Anyone interested in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) should probably be aware that the Independent Director, Kerry Campbell, recently divested US$171k worth of shares in the company, at an average price of US$2.23 each. In particular, we note that the sale equated to a 96% reduction in their position size, which doesn't exactly instill confidence.
If you're not interested in researching WHLR's insider transactions, we have a free list of interesting investing ideas to potentially inspire your next investment!
In fact, the recent sale by Kerry Campbell was the biggest sale of Wheeler Real Estate Investment Trust shares made by an insider individual in the last twelve months, according to our records. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$1.92. So it is hard to draw any strong conclusion from it.
Over the last year, we can see that insiders have bought 618.16k shares worth US$97k. On the other hand they divested 107.65k shares, for US$239k. All up, insiders sold more shares in Wheeler Real Estate Investment Trust than they bought, over the last year. They sold for an average price of about US$2.22. We are not joyful about insider selling. But the selling was at much higher prices than the current share price (US$1.92), so it probably doesn't tell us a lot about the value on offer today. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 37% of Wheeler Real Estate Investment Trust shares, worth about US$7.2m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
Unfortunately, there has been more insider selling of Wheeler Real Estate Investment Trust stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Wheeler Real Estate Investment Trust and we suggest you have a look.
Of course Wheeler Real Estate Investment Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
Read more about these checks in the individual report sections or in our analysis model.
Good value with mediocre balance sheet.
Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
Read more about these checks in the individual report sections or in our analysis model.
Good value with mediocre balance sheet.
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