Marshall Wace LLP Buys Shares of 22,811 Modiv Industrial, Inc. (NYSE:MDV)

Marshall Wace LLP bought a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,811 shares of the company's stock, valued at approximately $339,000. Marshall Wace LLP owned approximately 0.24% of Modiv Industrial as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new stake in Modiv Industrial in the 4th quarter worth $50,000. Barclays PLC bought a new stake in Modiv Industrial during the third quarter worth approximately $87,000. TT Capital Management LLC purchased a new stake in Modiv Industrial during the fourth quarter valued at approximately $158,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Modiv Industrial in the 4th quarter valued at approximately $172,000. Finally, Bailard Inc. boosted its holdings in shares of Modiv Industrial by 5.7% in the 4th quarter. Bailard Inc. now owns 13,302 shares of the company's stock worth $198,000 after purchasing an additional 715 shares during the period. Hedge funds and other institutional investors own 8.21% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Modiv Industrial in a report on Tuesday, April 22nd. They set a "buy" rating and a $18.00 price target on the stock.

Modiv Industrial Price Performance

Shares of Modiv Industrial stock traded up $0.23 during trading on Friday, hitting $14.65. The stock had a trading volume of 37,046 shares, compared to its average volume of 34,301. Modiv Industrial, Inc. has a 12 month low of $13.62 and a 12 month high of $18.11. The firm's fifty day simple moving average is $15.51 and its 200-day simple moving average is $15.53. The stock has a market cap of $148.24 million, a PE ratio of -133.18 and a beta of -0.24.

Modiv Industrial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. Modiv Industrial's payout ratio is currently -1,300.00%.

Insider Buying and Selling at Modiv Industrial

In related news, CEO Aaron Scott Halfacre purchased 2,000 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $14.48 per share, for a total transaction of $28,960.00. Following the completion of the acquisition, the chief executive officer now owns 115,412 shares in the company, valued at approximately $1,671,165.76. This trade represents a 1.76 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.40% of the company's stock.

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.