Washington Prime Group Inc. (NYSE:WPG) marched up -4.21% compared to a 52-week low price of $3.8. The shares were last seen trading -8.08% lower, taking the closing price at $3.64 on 6/24/2019. At a recent session, the prices were hovering between $3.62 and $4. This company shares are 18.13% off its target price of $4.3 and the current market capitalization stands at $690.87M. The recent change has given its price a -19.14% deficit over SMA 50 and -56.85% deficit over its 52-week high. The stock witnessed -18.39% declines, -32.84% declines and -24.01% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WPG’s volatility during a week at 5.18% and during a month it has been found around 4.88%.

What Does Washington Prime Group Inc. (WPG) Do?

The company describes itself in regulatory filings as, “Washington Prime Group, Inc. engages in the ownership, management, acquisition, and development of retail properties. The company was founded in May 2014 and is headquartered in Columbus, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/WPG/profile under company description.]

Washington Prime Group Inc. (WPG) Top Holders

Institutional investors currently hold around $639 million or 95.8% in WPG stock. Look at its top three institutional owners: Blackrock Inc. owns $126.82 million in Washington Prime Group Inc., which represents roughly 18.36% of the company’s market cap and approximately 19.85% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 30,415,000 shares of the stock are valued at $120.44 million. The third largest holder is State Street Corp, which currently holds $38.49 million worth of this stock and that ownership represents nearly 5.57% of its market capitalization.

Washington Prime Group Inc. 13F Filings

At the end of March reporting period, 115 institutional holders increased their position in Washington Prime Group Inc. (NYSE:WPG) by some 12,463,348 shares, 117 decreased positions by 13,930,359 and 55 held positions by 134,900,846. That puts total institutional holdings at 161,294,553 shares, according to SEC filings. The stock grabbed 28 new institutional investments totaling 1,050,705 shares while 40 institutional investors sold out their entire positions totaling 6,422,894 shares.

Washington Prime Group Inc. (NYSE:WPG) Insider Trades

Multiple company employees have indulged in significant insider trading. Washington Prime Group Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, Head of Property Mgmt. Gerber Stephan has sold 185 shares of Washington Prime Group Inc. (WPG) in the trading session dated May. 20, 2019. These shares are worth $845 and were traded at $4.57 each. The SEC filing shows that CONFORTI LOUIS G performed a purchase of 22,500 shares. The CEO added these shares by way of transaction on May. 01, 2019. The company’s shares were assimilated at $4.55 per share worth to an investment of some $102,375 to the account of CONFORTI LOUIS G.

SVP, Head of Property Mgmt., Gerber Stephan, sold 266 common shares of Washington Prime Group Inc. (WPG) in the open market. In a transaction dated Apr. 30, 2019, the shares were put up for sale at an average price of $4.38, raking in a sum of $1,165. After this sale, 912 common shares of WPG are directly owned by the insider, with total stake valued at $3,320.

In the transaction dated Feb. 26, 2019, a great number of shares sold came courtesy the SVP, Head of Leasing; Lindimore Joshua disposed a total of 5,116 shares at an average price of $5.75, amounting to approximately $29,417. The insider now directly owns 15,552 shares worth $56,609.

Washington Prime Group Inc. (WPG) Analyst Guide

Several analysts have released their opinion on Washington Prime Group Inc. (NYSE:WPG), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 0 strong sell ratings, collectively assigning a 4 average brokerage recommendation [T1].