10,517 Shares in Modiv Industrial, Inc. (NYSE:MDV) Bought by Bailard Inc.

Bailard Inc. bought a new position in Modiv Industrial, Inc. (NYSE:MDV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,517 shares of the company’s stock, valued at approximately $149,000. Bailard Inc. owned 0.11% of Modiv Industrial as of its most recent SEC filing.

Separately, Bard Associates Inc. increased its stake in shares of Modiv Industrial by 1.5% in the fourth quarter. Bard Associates Inc. now owns 107,465 shares of the company’s stock worth $1,611,000 after buying an additional 1,590 shares during the period. Institutional investors own 8.21% of the company’s stock.

Insider Activity at Modiv Industrial

In related news, major shareholder First City Investment Group, L purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $14.94 per share, for a total transaction of $74,700.00. Following the completion of the acquisition, the insider now directly owns 653,944 shares in the company, valued at approximately $9,769,923.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is currently owned by company insiders.

Modiv Industrial Stock Down 2.1 %

Shares of NYSE MDV opened at $16.40 on Wednesday. Modiv Industrial, Inc. has a 52 week low of $12.18 and a 52 week high of $19.12. The firm’s fifty day moving average is $14.67 and its 200 day moving average is $15.08. The company has a market cap of $155.03 million, a price-to-earnings ratio of -34.89, a PEG ratio of 2.40 and a beta of -0.23.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.28). The firm had revenue of $11.34 million during the quarter, compared to analysts’ expectations of $11.76 million. Modiv Industrial had a return on equity of 0.37% and a net margin of 1.80%. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities research analysts anticipate that Modiv Industrial, Inc. will post 1.24 earnings per share for the current year.

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.