Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc Buys 100,000 Shares

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $1.69 per share, with a total value of $169,000.00. Following the completion of the purchase, the director now directly owns 244,750 shares in the company, valued at approximately $413,627.50. This represents a 69.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Manchester Management Co Llc also recently made the following trade(s):

• On Thursday, November 21st, Manchester Management Co Llc acquired 166,666 shares of Modular Medical stock. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $249,999.00.

Modular Medical Stock Performance

Modular Medical stock traded up $0.03 during mid-day trading on Friday, reaching $1.67. The company’s stock had a trading volume of 2,084 shares, compared to its average volume of 233,024. Modular Medical, Inc. has a 12 month low of $1.08 and a 12 month high of $2.65. The business’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $1.85. The company has a market capitalization of $57.93 million, a price-to-earnings ratio of -2.60 and a beta of 0.59.

Hedge Funds Weigh In On Modular Medical

Several hedge funds have recently modified their holdings of MODD. Bard Associates Inc. raised its holdings in Modular Medical by 81.4% during the third quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock worth $3,292,000 after acquiring an additional 656,330 shares in the last quarter. Corsair Capital Management L.P. increased its position in shares of Modular Medical by 13.6% during the 3rd quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock worth $1,209,000 after purchasing an additional 64,393 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Modular Medical by 45.0% during the 3rd quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock worth $690,000 after purchasing an additional 95,072 shares during the last quarter. State Street Corp raised its stake in shares of Modular Medical by 285.8% during the 3rd quarter. State Street Corp now owns 76,000 shares of the company’s stock worth $171,000 after purchasing an additional 56,300 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Modular Medical by 299.8% in the 3rd quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock valued at $170,000 after buying an additional 56,552 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.