Wheeler Investment Trust, Inc. (NASDAQ:WHLRD) witnessed notable stock transactions recently, as disclosed in a recent SEC filing. Ursa Fund Management, LLC, a significant owner, facilitated a series of transactions involving the company’s Series D Cumulative Preferred shares. According to InvestingPro data, the stock has delivered an impressive 87.95% return year-to-date, with shares currently trading at $24.26.
On December 12, Ursa Fund Management executed a cross-trade involving 170,321 shares between its clients, Ursa Fund Partners LP and Investment Opportunities 14 Segregated Portfolio. This internal transaction, valued at approximately $8.7 million, was conducted at a price of $25.5634 per share, slightly above the current market price. The stock’s trading activity has been relatively thin, with an average daily volume of 20,000 shares over the past three months.
In addition to these internal adjustments, Ursa Fund Partners LP acquired 32,066 shares of Wheeler Real Estate at a weighted average purchase price of $25.113 per share, amounting to a total transaction value of $805,273. This acquisition increased their holdings to 370,000 shares post-transaction.
The transactions reflect Ursa Fund Management’s ongoing strategic maneuvers within its managed portfolios, as Andrew Hahn and Russell Douglas, managing members of Ursa Fund Management, continue to exercise their authority over these investments.
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