Birth-Related Neurolo Virginia Buys 414,526 Shares of Medalist Diversified REIT Inc (NASDAQ:MDRR) Stock

Medalist Diversified REIT Inc (NASDAQ:MDRR) major shareholder Birth-Related Neurolo Virginia acquired 414,526 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average price of $4.83 per share, with a total value of $2,002,160.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ MDRR opened at $4.39 on Thursday. The stock has a 50-day simple moving average of $4.43 and a 200 day simple moving average of $6.01. The company has a current ratio of 8.54, a quick ratio of 8.54 and a debt-to-equity ratio of 1.38. Medalist Diversified REIT Inc has a 12 month low of $3.71 and a 12 month high of $9.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC bought a new stake in shares of Medalist Diversified REIT in the second quarter worth about $53,000. Kanawha Capital Management LLC increased its holdings in shares of Medalist Diversified REIT by 63.6% in the second quarter. Kanawha Capital Management LLC now owns 19,618 shares of the company’s stock worth $86,000 after acquiring an additional 7,627 shares in the last quarter. Finally, Colony Group LLC bought a new stake in shares of Medalist Diversified REIT in the second quarter worth about $3,856,000. Institutional investors and hedge funds own 0.74% of the company’s stock.

Separately, Aegis set a $6.00 price objective on Medalist Diversified REIT and gave the company a “buy” rating in a report on Friday, August 16th.

Medalist Diversified REIT Company Profile

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