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

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $1.69 per share, with a total value of $169,000.00. Following the completion of the acquisition, the director now directly owns 244,750 shares in the company, valued at $413,627.50. The trade was a 69.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Modular Medical Price Performance

MODD opened at $1.70 on Friday. The company has a market cap of $58.97 million, a price-to-earnings ratio of -2.70 and a beta of 0.59. The firm has a 50 day simple moving average of $2.14 and a 200 day simple moving average of $1.85. Modular Medical, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $2.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MODD. Virtu Financial LLC acquired a new position in Modular Medical during the third quarter worth $44,000. Geode Capital Management LLC boosted its holdings 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. State Street Corp boosted its holdings 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. Walleye Capital LLC boosted its holdings in Modular Medical by 299.8% during the third quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock worth $170,000 after purchasing an additional 56,552 shares during the last quarter. Finally, Corsair Capital Management L.P. boosted its holdings in Modular Medical by 13.6% during the third 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. Institutional investors and hedge funds own 27.47% of the company’s stock.

About Modular Medical

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.