Modular Medical, Inc. (NASDAQ:MODD) Holdings Boosted by Navigation Wealth Management Inc.

Navigation Wealth Management Inc. increased its position in Modular Medical, Inc. (NASDAQ:MODD) by 233.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,040 shares of the company’s stock after purchasing an additional 42,754 shares during the period. Modular Medical accounts for about 0.1% of Navigation Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Navigation Wealth Management Inc. owned 0.18% of Modular Medical worth $84,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Modular Medical during the third quarter worth about $44,000. Renaissance Technologies LLC purchased a new position in shares of Modular Medical in the 2nd quarter valued at approximately $40,000. State Street Corp increased its holdings in shares of Modular Medical by 285.8% in the third quarter. State Street Corp now owns 76,000 shares of the company’s stock valued at $171,000 after purchasing an additional 56,300 shares during the period. Walleye Capital LLC lifted its holdings in shares of Modular Medical by 299.8% during the third quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock worth $170,000 after purchasing an additional 56,552 shares during the period. Finally, Corsair Capital Management L.P. increased its stake 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 valued at $1,209,000 after buying an additional 64,393 shares during the period. 27.47% of the stock is owned by institutional investors and hedge funds.

Modular Medical Stock Performance

MODD stock opened at $1.26 on Tuesday. The stock has a market capitalization of $43.71 million, a PE ratio of -2.00 and a beta of 0.52. The company has a fifty day moving average of $1.68 and a 200-day moving average of $1.82. Modular Medical, Inc. has a one year low of $1.08 and a one year high of $2.65.

Insider Buying and Selling

In other Modular Medical news, Director Manchester Management Co Llc acquired 21,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $1.68 per share, for a total transaction of $35,280.00. Following the completion of the transaction, the director now owns 265,750 shares of the company’s stock, valued at $446,460. The trade was a 8.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 287,666 shares of company stock valued at $454,279 over the last ninety days. Corporate insiders own 32.34% of the company’s stock.

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.