Have Insiders Been Buying Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Shares This Year?
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), you may well want to know whether insiders have been buying or selling.
What Is Insider Buying?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, rules govern insider transactions, and certain disclosures are required.
We don’t think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.
View our latest analysis for Wheeler Real Estate Investment Trust
Want to help shape the future of investing tools and platforms? Take the survey and be part of one of the most advanced studies of stock market investors to date.
Wheeler Real Estate Investment Trust Insider Transactions Over The Last Year
CEO, President & Director David Kelly made the biggest insider purchase in the last 12 months. That single transaction was for US$52k worth of shares at a price of US$3.44 each. So it’s clear an insider wanted to buy, even at a higher price. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. That purchase may suggest an expectation of positive returns over the long term.
Over the last year, we can see that insiders have bought 23.17k shares worth US$92k. Overall, Wheeler Real Estate Investment Trust insiders were net buyers last year. Their average price was about US$3.99. I’d consider this a positive as it suggests insiders see value at around the current price, which is US$1.07. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. 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 alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insiders at Wheeler Real Estate Investment Trust Have Bought Stock Recently
We saw some Wheeler Real Estate Investment Trust insider buying shares in the last three months. David Kelly purchased US$11k worth of shares in that period. It’s good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn’t enough for us too put much weight on it, as a single factor.
Insider Ownership of Wheeler Real Estate Investment Trust
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own US$488k worth of Wheeler Real Estate Investment Trust stock, about 4.7% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Wheeler Real Estate Investment Trust Insiders?
Insider purchases have outweighed sales, in the last three months. But the difference isn’t much. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we’d be more comfortable if they owned more Wheeler Real Estate Investment Trust stock. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free .
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.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
