24,800 Shares in Modular Medical, Inc. (NASDAQ:MODD) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Modular Medical, Inc. (NASDAQ:MODD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,800 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned 0.06% of Modular Medical at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Modular Medical by 45.0% in the third quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock valued at $690,000 after acquiring an additional 95,072 shares during the period. Virtu Financial LLC acquired a new stake in Modular Medical during the third quarter valued at approximately $44,000. Navigation Wealth Management Inc. grew its stake in shares of Modular Medical by 233.8% in the 4th quarter. Navigation Wealth Management Inc. now owns 61,040 shares of the company’s stock valued at $84,000 after purchasing an additional 42,754 shares during the period. Finally, Bard Associates Inc. raised its holdings in shares of Modular Medical by 47.1% in the 4th quarter. Bard Associates Inc. now owns 2,152,464 shares of the company’s stock worth $2,949,000 after buying an additional 689,534 shares in the last quarter. Institutional investors and hedge funds own 27.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Manchester Management Co Llc purchased 156,250 shares of Modular Medical stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $1.92 per share, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now directly owns 422,000 shares in the company, valued at approximately $810,240. This represents a 58.80 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 20.46% of the company’s stock.

Modular Medical Price Performance

Shares of MODD stock opened at $1.02 on Friday. The stock’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $1.34. Modular Medical, Inc. has a one year low of $0.68 and a one year high of $2.65. The firm has a market cap of $41.48 million, a price-to-earnings ratio of -1.92 and a beta of 0.33.

Modular Medical (NASDAQ:MODD) last issued its earnings results on Thursday, February 13th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01).

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.