Modiv Industrial, Inc. (NYSE:MDV) Major Shareholder Sells $12,179.20 in Stock

Modiv Industrial, Inc. (NYSE:MDV) major shareholder First City Investment Group, L sold 704 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $17.30, for a total value of $12,179.20. Following the completion of the transaction, the insider now owns 648,944 shares of the company’s stock, valued at approximately $11,226,731.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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 Tuesday, March 26th, First City Investment Group, L sold 3,654 shares of Modiv Industrial stock. The stock was sold at an average price of $17.02, for a total value of $62,191.08.
• 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 value of $9,424.20.

Modiv Industrial Stock Down 4.7 %

Shares of NYSE MDV traded down $0.75 during trading on Wednesday, reaching $15.15. The company had a trading volume of 20,998 shares, compared to its average volume of 26,966. Modiv Industrial, Inc. has a 12-month low of $10.22 and a 12-month high of $19.12. The stock has a market cap of $138.97 million, a PE ratio of -10.67, a P/E/G ratio of 2.40 and a beta of -0.31. The business’s 50-day moving average is $15.31 and its 200 day moving average is $15.21.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings data on Monday, March 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.35). Modiv Industrial had a negative net margin of 14.09% and a negative return on equity of 2.82%. The business had revenue of $12.29 million for the quarter, compared to analysts’ expectations of $12.53 million. During the same period last year, the business earned $0.68 earnings per share. On average, analysts anticipate that Modiv Industrial, Inc. will post 1.38 earnings per share for the current year.

Modiv Industrial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, April 30th will be given a dividend of $0.0958 per share. The ex-dividend date of this dividend is Monday, April 29th. Modiv Industrial’s dividend payout ratio (DPR) is presently -80.99%.

Institutional Investors Weigh In On Modiv Industrial

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Modiv Industrial by 1,706.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company’s stock valued at $32,000 after acquiring an additional 2,065 shares during the period. Qube Research & Technologies Ltd bought a new position in Modiv Industrial in the third quarter valued at about $33,000. Renaissance Technologies LLC bought a new position in Modiv Industrial in the first quarter valued at about $115,000. UBS Group AG lifted its holdings in Modiv Industrial by 851.9% in the third quarter. UBS Group AG now owns 10,024 shares of the company’s stock valued at $146,000 after acquiring an additional 8,971 shares during the period. Finally, Perritt Capital Management Inc. lifted its holdings in Modiv Industrial by 21.3% in the second quarter. Perritt Capital Management Inc. now owns 11,000 shares of the company’s stock valued at $165,000 after acquiring an additional 1,930 shares during the period. 8.21% of the stock is owned by hedge funds and other institutional investors.

About Modiv Industrial

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.