Jones Financial Companies Lllp Buys 300,169 Shares of 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 grew its position in Modiv Industrial, Inc. (NYSE:MDV - Free Report) by 117,253.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,425 shares of the company's stock after acquiring 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.

A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC bought 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 fourth quarter. Millennium Management LLC now owns 38,344 shares of the company's stock worth $571,000 after purchasing an additional 23,251 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Modiv Industrial by 19.6% during the fourth quarter. Northern Trust Corp now owns 16,687 shares of the company's stock valued at $248,000 after purchasing an additional 2,732 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Modiv Industrial by 23.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 35,454 shares of the company's stock worth $528,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Crossingbridge Advisors LLC bought a new position in shares of Modiv Industrial in the first quarter worth about $273,000. 8.21% of the stock is owned by hedge funds and other institutional investors.

Modiv Industrial Price Performance

Shares of MDV stock opened at $14.92 on Wednesday. The company has a market capitalization of $151.56 million, a P/E ratio of -33.90 and a beta of -0.31. The company's 50-day simple moving average is $14.77 and its two-hundred day simple moving average is $14.93. Modiv Industrial, Inc. has a one year low of $13.62 and a one year high of $18.11.

Modiv Industrial Company 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.

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