State Street Corp Buys 56,300 Shares of Modular Medical, Inc. (NASDAQ:MODD)

State Street Corp increased its holdings in Modular Medical, Inc. (NASDAQ:MODD) by 285.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,000 shares of the company’s stock after purchasing an additional 56,300 shares during the period. State Street Corp’s holdings in Modular Medical were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MODD. Renaissance Technologies LLC bought a new position in Modular Medical in the 2nd quarter worth approximately $40,000. Bard Associates Inc. boosted its holdings in Modular Medical by 81.4% in the 3rd quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock worth $3,292,000 after buying an additional 656,330 shares during the period. Corsair Capital Management L.P. boosted its holdings in Modular Medical by 13.6% in 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 period. Finally, Walleye Capital LLC boosted its holdings 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 buying an additional 56,552 shares during the period. 27.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Manchester Management Co Llc bought 100,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired 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 of the company’s stock, valued at $413,627.50. This trade represents a 69.08 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 287,666 shares of company stock valued at $454,279. Company insiders own 32.34% of the company’s stock.

Modular Medical Trading Up 2.8 %

MODD opened at $1.45 on Friday. The company has a 50 day moving average of $1.78 and a 200 day moving average of $1.83. The company has a market cap of $50.30 million, a PE ratio of -2.30 and a beta of 0.46. Modular Medical, Inc. has a 12 month low of $1.08 and a 12 month high of $2.65.

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.