Walleye Capital LLC Has $170,000 Stake in Modular Medical, Inc. (NASDAQ:MODD)

Walleye Capital LLC increased its stake in shares of Modular Medical, Inc. (NASDAQ:MODD) by 299.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,418 shares of the company’s stock after buying an additional 56,552 shares during the quarter. Walleye Capital LLC’s holdings in Modular Medical were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bard Associates Inc. lifted its position in shares of 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 acquiring an additional 656,330 shares during the period. Corsair Capital Management L.P. raised its stake in Modular Medical by 13.6% in the third 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 in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Modular Medical during the second quarter worth about $40,000. Institutional investors own 27.47% of the company’s stock.

Modular Medical Stock Down 0.6 %

MODD opened at $1.66 on Thursday. Modular Medical, Inc. has a twelve month low of $1.08 and a twelve month high of $2.65. The company has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $1.85. The stock has a market capitalization of $57.59 million, a price-to-earnings ratio of -2.63 and a beta of 0.46.

Insider Buying and Selling

In related news, CEO Manchester Management Co Llc bought 166,666 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of $1.50 per share, with a total value of $249,999.00. Following the completion of the acquisition, the chief executive officer now owns 3,284,743 shares of the company’s stock, valued at $4,927,114.50. The trade was a 5.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 287,666 shares of company stock valued at $454,279 over the last quarter. 32.34% of the stock is owned by company insiders.

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.