First City Investment Group, L Sells 3,654 Shares of Modiv Industrial, Inc. (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDVGet Free Report) major shareholder First City Investment Group, L sold 3,654 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 651,972 shares of the company’s stock, valued at approximately $11,096,563.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 stock was 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 Trading Down 4.7 %

MDV stock traded down $0.75 during mid-day trading on Wednesday, hitting $15.15. The stock had a trading volume of 20,998 shares, compared to its average volume of 26,966. Modiv Industrial, Inc. has a 52 week low of $10.22 and a 52 week high of $19.12. The firm has a market capitalization of $138.97 million, a P/E ratio of -10.97, a P/E/G ratio of 2.40 and a beta of -0.31. The firm has a fifty day simple moving average of $15.31 and a 200 day simple moving average of $15.21.

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

Modiv Industrial Dividend Announcement

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

Institutional Investors Weigh In On Modiv Industrial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in Modiv Industrial during the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its position in Modiv Industrial by 1,706.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company’s stock worth $32,000 after buying an additional 2,065 shares during the period. UBS Group AG boosted its position in Modiv Industrial by 851.9% during the 3rd quarter. UBS Group AG now owns 10,024 shares of the company’s stock worth $146,000 after buying an additional 8,971 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Modiv Industrial in the 1st quarter worth approximately $115,000. Finally, Perritt Capital Management Inc. lifted its position in shares of Modiv Industrial by 21.3% in the 2nd quarter. Perritt Capital Management Inc. now owns 11,000 shares of the company’s stock worth $165,000 after purchasing an additional 1,930 shares during the period. 8.21% of the stock is owned by institutional investors.

About Modiv Industrial

(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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