Virtu Financial LLC Takes $44,000 Position in Modular Medical, Inc. (NASDAQ:MODD)

by · The Cerbat Gem

Virtu Financial LLC bought a new position in shares of Modular Medical, Inc. (NASDAQ:MODD – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,773 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in shares of Modular Medical in the 2nd quarter valued at approximately $40,000. Walleye Capital LLC raised its position in Modular Medical by 299.8% during the third quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock valued at $170,000 after purchasing an additional 56,552 shares in the last quarter. State Street Corp lifted its stake in Modular Medical by 285.8% during the third quarter. State Street Corp now owns 76,000 shares of the company’s stock worth $171,000 after purchasing an additional 56,300 shares during the last quarter. Geode Capital Management LLC lifted its stake in Modular Medical by 45.0% during the third 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. Finally, Corsair Capital Management L.P. lifted 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 buying an additional 64,393 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

Insider Activity

In related news, Director Manchester Management Co Llc purchased 100,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $1.69 per share, for a total transaction of $169,000.00. Following the completion of the acquisition, the director now owns 244,750 shares of the company’s stock, valued at approximately $413,627.50. This represents a 69.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have purchased 287,666 shares of company stock worth $454,279. Corporate insiders own 32.34% of the company’s stock.

Modular Medical Trading Down 2.8 %

Modular Medical stock opened at $1.39 on Friday. Modular Medical, Inc. has a 12-month low of $1.08 and a 12-month high of $2.65. The business’s 50-day moving average price is $1.95 and its two-hundred day moving average price is $1.85.

Modular Medical Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MODD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modular Medical, Inc. (NASDAQ:MODD – Free Report).