Citadel Advisors LLC Makes New $88,000 Investment in Modular Medical, Inc. (NASDAQ:MODD)

Citadel Advisors LLC acquired a new stake in Modular Medical, Inc. (NASDAQ:MODD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 64,495 shares of the company’s stock, valued at approximately $88,000. Citadel Advisors LLC owned about 0.16% of Modular Medical at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Modular Medical during the fourth quarter worth about $34,000. Geode Capital Management LLC lifted its position in shares of Modular Medical by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 321,118 shares of the company’s stock worth $440,000 after purchasing an additional 14,678 shares during the period. Alyeska Investment Group L.P. bought a new position in Modular Medical during the fourth quarter worth $913,000. 683 Capital Management LLC raised its stake in Modular Medical by 5.3% during the fourth quarter. 683 Capital Management LLC now owns 1,600,000 shares of the company’s stock worth $2,192,000 after buying an additional 80,000 shares during the last quarter. Finally, Bard Associates Inc. increased its stake in Modular Medical by 47.1% in the fourth quarter. Bard Associates Inc. now owns 2,152,464 shares of the company’s stock valued at $2,949,000 after purchasing an additional 689,534 shares in the last quarter. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Modular Medical

In other news, CEO Manchester Management Co Llc bought 156,250 shares of the stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $1.92 per share, for a total transaction of $300,000.00. Following the purchase, the chief executive officer now directly owns 422,000 shares of the company’s stock, valued at $810,240. This trade represents a 58.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.46% of the stock is currently owned by corporate insiders.

Modular Medical Stock Performance

Modular Medical stock opened at $0.81 on Tuesday. The stock has a market cap of $44.16 million, a PE ratio of -1.54 and a beta of 0.22. The firm’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.13. Modular Medical, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $2.65.

About Modular Medical

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.