Jones Financial Companies Lllp Grows Holdings in Modiv Industrial, Inc. $MDV

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Modiv Industrial by purchasing 300,169 shares, bringing its total ownership to approximately 300,425 shares and valued at around $4.82 million.
• Modiv Industrial's stock opened at $14.92 with a market capitalization of $151.56 million and a P/E ratio of -33.90.
• The company focuses on single-tenant net-lease industrial manufacturing real estate, aiming to acquire properties with long-term leases that support the economy and supply chains.

Jones Financial Companies Lllp lifted its stake in shares of Modiv Industrial, Inc. (NYSE:MDV - Free Report) by 117,253.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,425 shares of the company's stock after buying an additional 300,169 shares during the quarter. Jones Financial Companies Lllp owned about 2.97% of Modiv Industrial worth $4,822,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Modiv Industrial during the 4th quarter worth approximately $295,000. Millennium Management LLC lifted its position in shares of Modiv Industrial by 154.1% during the 4th quarter. Millennium Management LLC now owns 38,344 shares of the company's stock worth $571,000 after buying an additional 23,251 shares during the last quarter. Northern Trust Corp lifted its position in shares of Modiv Industrial by 19.6% during the 4th quarter. Northern Trust Corp now owns 16,687 shares of the company's stock worth $248,000 after buying an additional 2,732 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Modiv Industrial by 23.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,454 shares of the company's stock valued at $528,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Crossingbridge Advisors LLC purchased a new stake in Modiv Industrial in the 1st quarter valued at $273,000. Hedge funds and other institutional investors own 8.21% of the company's stock.

Modiv Industrial Trading Down 1.3%

MDV stock traded down $0.20 on Monday, hitting $14.66. The company's stock had a trading volume of 9,008 shares, compared to its average volume of 48,811. The firm has a 50 day moving average of $14.79 and a two-hundred day moving average of $14.93. Modiv Industrial, Inc. has a 1 year low of $13.62 and a 1 year high of $18.11. The stock has a market cap of $148.95 million, a price-to-earnings ratio of -33.32 and a beta of -0.31.

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.