Virtu Financial LLC Purchases New Stake in Modular Medical, Inc. (NASDAQ:MODD)

Virtu Financial LLC purchased a new stake in shares of Modular Medical, Inc. (NASDAQ:MODD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,773 shares of the company’s stock, valued at approximately $44,000. Virtu Financial LLC owned about 0.06% of Modular Medical at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of Modular Medical during the 2nd quarter worth about $40,000. State Street Corp raised its holdings in Modular Medical by 285.8% in the 3rd quarter. State Street Corp now owns 76,000 shares of the company’s stock valued at $171,000 after acquiring an additional 56,300 shares during the period. Walleye Capital LLC lifted 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 worth $170,000 after acquiring an additional 56,552 shares during the last quarter. Corsair Capital Management L.P. boosted its holdings in shares of 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 acquiring an additional 64,393 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 95,072 shares during the period. 27.47% of the stock is owned by institutional investors.

Modular Medical Trading Down 2.8 %

Shares of NASDAQ MODD opened at $1.39 on Friday. The business’s 50 day moving average is $1.95 and its 200-day moving average is $1.85. Modular Medical, Inc. has a 1-year low of $1.08 and a 1-year high of $2.65.

Insiders Place Their Bets

In other Modular Medical news, Director Manchester Management Co Llc acquired 100,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $1.69 per share, with a total value of $169,000.00. Following the acquisition, the director now directly owns 244,750 shares of the company’s stock, valued at approximately $413,627.50. This trade represents a 69.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 287,666 shares of company stock worth $454,279 in the last 90 days. Company insiders own 32.34% 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.