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

Virtu Financial LLC bought a new position in shares of Modular Medical, Inc. (NASDAQ:MODD) 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

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.