19,849 Shares in Modiv Industrial, Inc. (NYSE:MDV) Acquired by Jane Street Group LLC

Jane Street Group LLC purchased a new position in Modiv Industrial, Inc. (NYSE:MDV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,849 shares of the company's stock, valued at approximately $295,000. Jane Street Group LLC owned 0.21% of Modiv Industrial at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MDV. Marshall Wace LLP purchased a new position in Modiv Industrial in the 4th quarter worth about $339,000. Hillsdale Investment Management Inc. purchased a new position in Modiv Industrial in the 4th quarter worth about $248,000. Schonfeld Strategic Advisors LLC purchased a new position in Modiv Industrial in the 4th quarter worth about $175,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Modiv Industrial in the 4th quarter worth about $172,000. Finally, TT Capital Management LLC purchased a new position in Modiv Industrial in the 4th quarter worth about $158,000. Hedge funds and other institutional investors own 8.21% of the company's stock.

Modiv Industrial Price Performance

NYSE MDV traded down $0.01 during trading on Friday, reaching $14.08. 24,833 shares of the company's stock traded hands, compared to its average volume of 35,998. The firm has a market cap of $142.42 million, a price-to-earnings ratio of -127.95 and a beta of -0.31. The company's 50 day simple moving average is $14.96 and its two-hundred day simple moving average is $15.21. Modiv Industrial, Inc. has a 12-month low of $13.62 and a 12-month high of $18.11.

Modiv Industrial Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.0975 per share. The ex-dividend date was Wednesday, April 30th. Modiv Industrial's dividend payout ratio (DPR) is -1,300.00%.

Insider Buying and Selling at Modiv Industrial

In other Modiv Industrial news, CEO Aaron Scott Halfacre bought 2,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $14.48 per share, with a total value of $28,960.00. Following the transaction, the chief executive officer now owns 115,412 shares of the company's stock, 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 can be accessed through this hyperlink. In the last quarter, insiders have acquired 6,792 shares of company stock valued at $97,131. Company insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

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

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.