Manchester Management Co Llc Buys 166,666 Shares of Modular Medical, Inc. (NASDAQ:MODD) Stock

Modular Medical, Inc. (NASDAQ:MODD) CEO Manchester Management Co Llc acquired 166,666 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,284,743 shares in the company, valued at approximately $4,927,114.50. This trade represents a 5.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Modular Medical Stock Performance

NASDAQ:MODD opened at $1.63 on Wednesday. The stock has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $1.85. The firm has a market capitalization of $56.35 million, a PE ratio of -2.67 and a beta of 0.59. Modular Medical, Inc. has a 52-week low of $1.08 and a 52-week high of $2.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MODD. Bard Associates Inc. raised its stake in Modular Medical by 81.4% during the 3rd 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 during the period. AWM Investment Company Inc. purchased a new stake in shares of Modular Medical in the first quarter worth $1,388,000. Corsair Capital Management L.P. raised 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 valued at $1,209,000 after purchasing an additional 64,393 shares during the period. Geode Capital Management LLC lifted its stake 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 valued at $690,000 after buying an additional 95,072 shares in the last quarter. Finally, State Street Corp boosted 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 worth $171,000 after buying an additional 56,300 shares during the period. 27.47% of the stock is owned by hedge funds and other institutional investors.

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.