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Christopher Raymond (NSE:RYMD) Gingras, a director at Modiv Industrial, Inc. (NYSE:MDV), recently acquired 1,000 shares of the company’s common stock, class C, according to a filing with the Securities and Exchange Commission. The purchase, executed on May 14, 2025, was made at a price of $14.59 per share, totaling $14,590. The transaction comes as the $169 million market cap company maintains an impressive 92.6% gross profit margin and offers an 8.2% dividend yield. Following this transaction, Gingras holds a total of 7,599.2062 shares directly. This move reflects an increased stake in the company, as reported in the latest SEC Form 4 filing. According to InvestingPro analysis, management has been actively buying back shares, with analyst price targets ranging from $17 to $19. Get access to 8 more exclusive InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into MDV’s financial health and growth potential.
In other recent news, Modiv Inc reported its first-quarter 2025 earnings, revealing a significant improvement in both earnings per share (EPS) and revenue compared to analysts’ expectations. The company achieved an EPS of -$0.01, surpassing the forecast of -$0.23, while revenue reached $11.8 million, exceeding the anticipated $11.49 million. Despite these positive results, the company’s stock experienced a decline in pre-market trading. Modiv Inc continues to navigate a volatile market environment, maintaining a cautious outlook while focusing on potential development opportunities. The company is committed to sustaining its monthly dividend at $0.09 per share. Analysts’ future EPS projections suggest gradual improvement, with estimates of $0.08 for Q2 2025 and $0.05 for Q3 2025. CEO Aaron Halfaker expressed confidence in the company’s strategic direction, emphasizing disciplined expense management. The company also faces challenges such as market volatility and supply chain complexities, which could impact future performance.
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