Jane Street Group LLC Acquires New Stake in Modiv Industrial, Inc. (NYSE:MDV)

Jane Street Group LLC bought a new stake in Modiv Industrial, Inc. (NYSE:MDV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,849 shares of the company's stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 0.21% of Modiv Industrial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDV. Resona Asset Management Co. Ltd. acquired a new position in Modiv Industrial during the 4th quarter valued at about $50,000. TT Capital Management LLC acquired a new position in Modiv Industrial during the 4th quarter valued at about $158,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Modiv Industrial during the 4th quarter valued at about $172,000. Schonfeld Strategic Advisors LLC acquired a new position in Modiv Industrial during the 4th quarter valued at about $175,000. Finally, Bailard Inc. boosted its stake in Modiv Industrial by 5.7% during the 4th quarter. Bailard Inc. now owns 13,302 shares of the company's stock valued at $198,000 after purchasing an additional 715 shares during the last quarter. 8.21% of the stock is owned by institutional investors.

Insider Transactions at Modiv Industrial

In other Modiv Industrial news, CEO Aaron Scott Halfacre bought 3,121 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $14.10 per share, for a total transaction of $44,006.10. Following the purchase, the chief executive officer now directly owns 120,000 shares of the company's stock, valued at approximately $1,692,000. This represents a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 6,792 shares of company stock worth $97,131 in the last 90 days. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on Modiv Industrial in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $18.00 target price on the stock.

Modiv Industrial Price Performance

Shares of NYSE MDV traded up $0.03 during midday trading on Wednesday, reaching $14.12. The company's stock had a trading volume of 26,826 shares, compared to its average volume of 35,803. Modiv Industrial, Inc. has a 12-month low of $13.62 and a 12-month high of $18.11. The firm has a 50 day moving average price of $15.07 and a 200-day moving average price of $15.24. The stock has a market capitalization of $142.88 million, a P/E ratio of -128.36 and a beta of -0.24.

Modiv Industrial Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.0975 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. Modiv Industrial's payout ratio is presently -1,300.00%.

Modiv Industrial Profile

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.