Medalist Diversified REIT (NASDAQ:MDRR) Shares Up 0.7% – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price traded up 0.7% on Tuesday . The company traded as high as $12.98 and last traded at $12.98. 143 shares traded hands during trading, a decline of 91% from the average session volume of 1,511 shares. The stock had previously closed at $12.89.

Medalist Diversified REIT Price Performance

The firm has a market capitalization of $14.47 million, a P/E ratio of -59.00 and a beta of 0.71. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. The firm has a 50 day moving average price of $12.62.

Insider Transactions at Medalist Diversified REIT

In related news, CEO Frank Kavanaugh bought 5,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $12.35 per share, with a total value of $67,925.00. Following the transaction, the chief executive officer now owns 234,000 shares in the company, valued at approximately $2,889,900. This trade represents a 2.41 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Benjamin Ore purchased 8,000 shares of Medalist Diversified REIT stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $12.50 per share, for a total transaction of $100,000.00. Following the transaction, the insider now directly owns 12,500 shares of the company’s stock, valued at $156,250. This trade represents a 177.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 43,188 shares of company stock worth $533,987. 56.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned about 4.07% of Medalist Diversified REIT as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 17.40% of the company’s stock.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.