Modular Medical, Inc. (NASDAQ:MODD) CEO Manchester Management Co Llc Purchases 166,666 Shares

Modular Medical, Inc. (NASDAQ:MODD) CEO Manchester Management Co Llc acquired 166,666 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of $1.50 per share, with a total value of $249,999.00. Following the purchase, the chief executive officer now owns 3,284,743 shares in the company, valued at $4,927,114.50. This represents a 5.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Modular Medical Price Performance

Modular Medical stock traded down $0.08 during trading on Monday, reaching $1.60. 242,326 shares of the company were exchanged, compared to its average volume of 233,756. Modular Medical, Inc. has a 52-week low of $1.08 and a 52-week high of $2.65. The stock’s 50 day simple moving average is $2.20 and its two-hundred day simple moving average is $1.86. The company has a market capitalization of $55.31 million, a P/E ratio of -2.54 and a beta of 0.59.

Institutional Investors Weigh In On Modular Medical

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AWM Investment Company Inc. purchased a new stake in shares of Modular Medical in the 1st quarter valued at approximately $1,388,000. Bard Associates Inc. raised its holdings in Modular Medical by 81.4% in the 3rd quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock valued at $3,292,000 after buying an additional 656,330 shares during the period. Geode Capital Management LLC lifted its position in Modular Medical by 45.0% in the third quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock valued at $690,000 after buying an additional 95,072 shares during the last quarter. Corsair Capital Management L.P. raised its stake in shares of Modular Medical by 13.6% in the 3rd quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock valued at $1,209,000 after acquiring an additional 64,393 shares during the period. Finally, Walleye Capital LLC lifted 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 worth $170,000 after acquiring an additional 56,552 shares during the last quarter. 27.47% of the stock is currently owned by institutional investors and hedge funds.

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.