Modiv Industrial, Inc. (NYSE:MDV) Major Shareholder Sells $62,191.08 in Stock

Modiv Industrial, Inc. (NYSE:MDVGet Free Report) major shareholder First City Investment Group, L sold 3,654 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $17.02, for a total transaction of $62,191.08. Following the completion of the sale, the insider now directly owns 651,972 shares in the company, valued at approximately $11,096,563.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

First City Investment Group, L also recently made the following trade(s):

  • On Thursday, March 28th, First City Investment Group, L sold 704 shares of Modiv Industrial stock. The shares were sold at an average price of $17.30, for a total transaction of $12,179.20.
  • On Wednesday, March 20th, First City Investment Group, L sold 565 shares of Modiv Industrial stock. The stock was sold at an average price of $16.68, for a total transaction of $9,424.20.

Modiv Industrial Stock Down 5.5 %

Modiv Industrial stock opened at $15.03 on Thursday. The firm’s 50 day simple moving average is $15.31 and its 200 day simple moving average is $15.21. Modiv Industrial, Inc. has a 1-year low of $10.22 and a 1-year high of $19.12.

Modiv Industrial (NYSE:MDVGet Free Report) last posted its earnings results on Monday, March 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). The firm had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.53 million. Modiv Industrial had a negative return on equity of 2.82% and a negative net margin of 14.09%. During the same period last year, the company posted $0.68 EPS. As a group, analysts predict that Modiv Industrial, Inc. will post 1.38 earnings per share for the current year.

Modiv Industrial Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be issued a $0.0958 dividend. The ex-dividend date is Monday, April 29th. Modiv Industrial’s payout ratio is -80.99%.

Institutional Trading of Modiv Industrial

Several institutional investors and hedge funds have recently made changes to their positions in MDV. Qube Research & Technologies Ltd purchased a new position in Modiv Industrial in the third quarter worth $33,000. Tower Research Capital LLC TRC lifted its stake in Modiv Industrial by 1,706.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company’s stock worth $32,000 after purchasing an additional 2,065 shares during the last quarter. UBS Group AG lifted its stake in Modiv Industrial by 851.9% during the third quarter. UBS Group AG now owns 10,024 shares of the company’s stock worth $146,000 after purchasing an additional 8,971 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Modiv Industrial in the 1st quarter worth about $115,000. Finally, Perritt Capital Management Inc. increased its position in shares of Modiv Industrial by 21.3% during the 2nd quarter. Perritt Capital Management Inc. now owns 11,000 shares of the company’s stock valued at $165,000 after purchasing an additional 1,930 shares during the last quarter. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Company Profile

(Get Free Report)

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.

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