Bard Associates Inc. Has $3.29 Million Holdings in Modular Medical, Inc. (NASDAQ:MODD)

Bard Associates Inc. raised its position in Modular Medical, Inc. (NASDAQ:MODD - Free Report) by 81.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,462,930 shares of the company's stock after acquiring an additional 656,330 shares during the period. Modular Medical comprises 1.1% of Bard Associates Inc.'s portfolio, making the stock its 25th biggest position. Bard Associates Inc. owned about 4.49% of Modular Medical worth $3,292,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC bought a new stake in shares of Modular Medical during the 2nd quarter worth approximately $40,000. Institutional investors own 27.47% of the company's stock.

Insider Buying and Selling at Modular Medical

In related news, Director Philip Brent Sheibley bought 15,000 shares of Modular Medical stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $1.69 per share, with a total value of $25,350.00. Following the acquisition, the director now owns 66,139 shares in the company, valued at $111,774.91. This trade represents a 29.33 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 32.34% of the company's stock.

Modular Medical Stock Performance

MODD traded down $0.07 during trading hours on Friday, reaching $2.07. The company's stock had a trading volume of 115,007 shares, compared to its average volume of 229,435. Modular Medical, Inc. has a 52 week low of $1.00 and a 52 week high of $2.65. The company's 50-day moving average is $2.23 and its 200-day moving average is $1.84. The firm has a market cap of $67.40 million, a PE ratio of -3.15 and a beta of 0.59.

Modular Medical (NASDAQ:MODD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.08.

Modular Medical Company 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.