Stock Markets

Modiv Industrial CEO buys shares worth over $7k

Published

1 month ago

March 28, 2024

In a recent transaction, Aaron Scott Halfacre, the CEO and President of Modiv Industrial, Inc. (NYSE:MDV), has purchased additional shares of the company’s stock. The executive acquired 444.7035 shares at a price of $15.92 per share, amounting to a total investment of over $7,079.

This purchase reflects a continued confidence in the company from its top executive, as the additional shares increase Halfacre’s total holdings to 75,503.6239 shares of Modiv Industrial’s common stock. The transaction took place on March 25, 2024, with the details made public in a filing dated March 27, 2024.

Modiv Industrial, operating in the real estate investment trusts industry, is known for its focus on industrial properties. The acquisition by the CEO is a notable event for investors and market watchers, as insider transactions can often provide insights into the company’s performance and the sentiments of its leadership.

The transaction was executed directly, with no derivative securities involved, indicating a straightforward increase in the CEO’s stake in the company. The filing was signed on behalf of Halfacre by John Raney, by the power of attorney.

Investors and analysts often keep a close eye on insider transactions like these, as they can be indicative of the company’s future prospects and the confidence insiders have in the company’s value and strategy.

InvestingPro Insights

Following the recent share purchase by CEO Aaron Scott Halfacre, Modiv Industrial, Inc. (NYSE:MDV) has been the subject of increased attention. An InvestingPro analysis provides a deeper dive into the company’s financials and market performance. Modiv Industrial’s market capitalization currently stands at $180.67 million, reflecting its valuation in the market. Despite a challenging period, the company has shown resilience with a strong gross profit margin of 89.07% for the last twelve months as of Q4 2023.

Investors looking at the long-term trajectory will note that the company’s stock price has experienced a significant appreciation with a one-year total return of 86.39%. This aligns with one of the InvestingPro Tips highlighting a high return over the last year, which could be a signal of recovering investor confidence and potential growth prospects. Additionally, the CEO’s purchase may correlate with another InvestingPro Tip suggesting that analysts predict the company will be profitable this year, which could further bolster investor sentiment.

While the company’s P/E ratio stands at -12.09, indicating that it has not been profitable over the last twelve months, the market seems to be looking ahead, as reflected in the positive price movements over the last month and three months, with total returns of 16.42% and 28.65%, respectively. This optimism is further supported by the company’s liquid assets, which exceed its short-term obligations, providing a cushion for future operations.

For investors seeking more comprehensive insights, InvestingPro offers additional tips on Modiv Industrial, which can be accessed through their platform. To enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 9 more InvestingPro Tips available for Modiv Industrial, providing a more nuanced understanding of the company’s financial health and market performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Stock Markets

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Published

8 hours ago

April 27, 2024

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Oak Valley Community Bank Named One of Central Valley’s Best Places to Work

Published

8 hours ago

April 27, 2024

OAKDALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) is pleased to announce that it was named by Best Companies Group as one of 2024 Best Places to Work: Central Valley. At the same time, OVCB was recognized by Opportunity Stanislaus for Growing the Economy by increasing their workforce by 10% or more throughout 2023.

We are honored to be acknowledged for our growth and named one of the Best Places to Work in the Central Valley. This recognition is a testament to our commitment to fostering a positive and supportive workplace environment and excellence in all that we do. Our success is built on our service culture, which is embraced by all members of our team. Our exceptional service is what distinguishes us. It’s not just about meeting expectations; it’s about exceeding them in ways that build lasting trust and loyalty. By delivering on this promise consistently, we create our own brand ambassadors “ who speak highly of the bank and refer colleagues and friends. We would like to take this opportunity to recognize our team. We are grateful for their loyalty and commitment to our customers, our communities, and each other, stated Chris Courtney, CEO.

Best Places to Work: Central Valley is a survey and recognition program dedicated to celebrating those employers locally who excel at creating quality jobs and environments where employees are happy to work. As a research-driven program from Best Companies Group, Best Places to Work examines a company’s practices, programs, and benefits and surveys employees for their perspective. All companies that participated in the 2024 Best Places to Work: Central Valley program receive an in-depth evaluation identifying strengths and weaknesses according to their employees. In turn, this report can be used in developing or enhancing employee retention and recruitment programs.

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We are honored to be recognized with this year’s Best Places to Work recipients; Automation Group; O’Dell (NYSE:) Engineering, Inc., Grimbleby Coleman Advisors & Accountants, Haggerty Construction, Inc., ITSolutions-Currie, One Digital, The Wonderful Company, and Community Hospice & Health Services.

Best Places to Work: Central Valley is brought to you by Opportunity Stanislaus. For more information on Best Places to Work: Central Valley visit www.bestplacestoworkcentralvalley.com.

About Opportunity Stanislaus Opportunity Stanislaus is a local economic development organization focused on improving the economic vitality of Stanislaus County. To do so, they help local entrepreneurs start and grow businesses and work to attract innovative companies to the county. For more information visit www.opportunitystanislaus.com.

About Oak Valley Community Bank OVCB offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop. For more information visit www.ovcb.com.