Sio Capital Management LLC reduced its position in Modular Medical, Inc. (NASDAQ:MODD - Free Report) by 92.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,772 shares of the company's stock after selling 1,418,580 shares during the period. Sio Capital Management LLC owned 0.37% of Modular Medical worth $272,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Modular Medical in the second quarter valued at about $40,000. Walleye Capital LLC boosted its stake in Modular Medical by 299.8% in the 3rd quarter. Walleye Capital LLC now owns 75,418 shares of the company's stock worth $170,000 after purchasing an additional 56,552 shares in the last quarter. Corsair Capital Management L.P. grew its position in 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 purchasing an additional 64,393 shares during the last quarter. Finally, Bard Associates Inc. increased 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 valued at $3,292,000 after purchasing an additional 656,330 shares in the last quarter. Hedge funds and other institutional investors own 27.47% of the company's stock.
Modular Medical Price Performance
NASDAQ:MODD traded up $0.06 during midday trading on Friday, hitting $1.70. The company's stock had a trading volume of 158,985 shares, compared to its average volume of 233,707. Modular Medical, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $2.65. The firm's 50 day moving average is $2.15 and its 200-day moving average is $1.85. The firm has a market cap of $58.97 million, a P/E ratio of -2.68 and a beta of 0.59.
Insider Activity at Modular Medical
In other news, Director Manchester Management Co Llc bought 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $1.69 per share, for a total transaction of $169,000.00. Following the purchase, the director now directly owns 244,750 shares in the company, 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. 32.34% of the stock is currently owned by insiders.
Modular Medical Profile
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Free Report)
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.
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