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EdgarHawk

Q Global Capital Management, L.P.

10% Owner

10% Owner
10 filings analyzed · 1 company · Latest 2025-01-13

Companies

Company Buys Sells Direction
ModivCare Inc MODV 33 0 Net buying

Activity

January 2025
2025-01-13 ModivCare Inc MODV
high
Buy
3,837 shares
$48,385
Significance 7/10

10% owner Q Global Capital sold 749.0K shares at prices $6.53–$12.61, reducing stake 37.9% to 1.22M shares

Q Global Capital Management, L.P., a 10% owner, executed 7 separate sales totaling 749,002 shares for $5,400,259.89 across January 10–13, 2025, while purchasing only 3,837 shares at $12.61 for $48,384.57 on January 10—resulting in a net reduction of 745,165 shares (-37.9% vs pre-transaction holdings). The sales occurred at prices ranging from $6.53 to $12.61, with the largest single sale of 271,339 shares at $6.97 on January 10. The incumbent position value at current price ($6.65) reflects a 52-week decline of -87.0% from the $50.95 high, and the stock has fallen -62.7% over 30 days and -60.8% over 90 days. ModivCare is unprofitable (annual net income negative at -$26,604,000.00) despite recent revenue growth of 9.8%; the company's market cap stands at $94,986,365.60. The scale and velocity of this insider divestiture—a near-40% reduction of major-holder stakes across multiple tranches at declining prices—merits investor attention given the company's unprofitable position and the stock's severe drawdown from prior highs.

December 2024
2024-12-06 ModivCare Inc MODV
high
Buy
45,465 shares
$800,863
Significance 6/10

10% owner Q Global buys 45,465 shares across 3 transactions for $800,863.49, bringing stake to 1.97M shares amid 64.5% decline from 52-week high.

Q Global Capital Management executed 3 separate purchases totaling 45,465 shares for $800,863.49 at an average price of $17.61 between December 2–6, 2024, increasing its holding to 1.97M shares. The company trades at $18.07, down 64.5% from its 52-week high of $50.95, though it has risen 6.6% over the past 30 days. The five most recent buys at MODV (from Nov 25 through Dec 4) are all still within their 30- and 90-day windows with outcomes not yet measurable. ModivCare reported net income of $-26.6M on revenue of $702.0M, indicating the company was unprofitable in its most recent fiscal year, which investors should weigh against the current buying activity. The insider's cross-ticker track record shows 20 prior buys with an average 30-day return of +15.3%, though this does not predict outcomes specific to MODV.

2024-12-02 ModivCare Inc MODV
medium
Buy
1,907 shares
$33,847
Significance 4/10

10% owner Q Global Capital buys 1,907 shares ($33.8K) over 3 days at ~$17.75 as stock rallies +14.4% in 30 days from weakness

Q Global Capital Management, L.P. executed 3 separate open-market purchases totaling 1,907 shares for $33,847.00 (blended average $17.75) between 2024-11-27 and 2024-12-02, with holdings now at 1,921,633 shares. The purchases occurred during a period of price recovery: MODV trades at $18.51 currently, +14.4% over the prior 30 days but -63.7% from its 52-week high. The company reported a net loss of $26,604,000.00 on revenue of $702,037,000.00 in its latest quarter and remains unprofitable on a full-year basis. The 10% holder's prior MODV-specific activity shows 5 recent buys (all between 2024-11-21 and 2024-11-26) with no measurable return outcomes yet; across other tickers, the insider's track record shows 19 prior buys averaging +19.1% 30-day return, though timing outcomes at MODV specifically remain unresolved.

November 2024
2024-11-26 ModivCare Inc MODV
high
Buy
30,478 shares
$539,210
Significance 6/10

Q Global Capital Management purchased 30,478 shares of MODV across 3 transactions for $539,210.39 at blended average $17.69, expanding 1.92M position amid -65.4% from 52-week high.

Q Global Capital Management, a 10% owner, made 3 separate open-market purchases totaling 30,478 shares (30.5K shares) for $539,210.39 ($539.2K) at a blended average price of $17.69 between November 22–26, 2024. The transaction occurred while ModivCare traded at $17.63 current price, down 65.4% from its 52-week high of $50.95 but up 22.4% over the prior 30 days. The company remains unprofitable with net income of $-26.6M against revenue of $702.0M in the latest quarter, though annual revenue growth stands at +9.8%. The insider's cross-ticker track record shows 16 prior buys averaging +23.6% 30-day returns; however, at MODV specifically, all 5 prior same-ticker trades remain outcome-unmeasurable within meaningful windows, limiting inference about the insider's predictive accuracy at this ticker.

2024-11-21 ModivCare Inc MODV
high
Buy
76,523 shares
$1,233,549
Significance 6/10

Q Global Capital (10% owner) bought 76,523 shares across 4 transactions for $1,233,549.37 (avg $16.12) on Nov 19-21, raising stake to 1,889,248 shares (+4.2%)

Q Global Capital, a 10% institutional shareholder, executed 4 separate purchases totaling 76,523 shares for $1,233,549.37 at an average price of $16.12 between November 19-21. The buying occurred as the stock trades 65.7% below its 52-week high of $50.95, though the stock has appreciated 24.5% over the past 30 days. This represents a 4.2% increase in Q Global's position, following five other buys at this ticker within the preceding two weeks (Nov 1, 4, 5, and 7), signaling sustained accumulation by a major shareholder during a period of significant price weakness relative to year-to-date levels. However, context matters: ModivCare remains unprofitable with a net loss of $26,604,000 on annual revenue of $702,037,000, warranting scrutiny of whether this accumulation reflects confidence in a turnaround or represents opportunistic bottom-fishing in a distressed healthcare services provider.

2024-11-12 ModivCare Inc MODV
high
Buy
58,191 shares
$997,053
Significance 6/10

Q Global Capital Management, L.P. purchases 58,191 shares in MODV across 2 transactions for $997,053.15, raising stake to 1,812,725 shares

Q Global Capital Management, L.P., a 10% owner of ModivCare, acquired 58,191 shares (58.2K shares) in 2 separate purchases totaling $997,053.15 ($997.1K) at prices averaging $17.13 per share on 2024-11-07. This increases the insider's post-transaction holdings to 1,812,725 shares (1.81M shares), representing a +3.3% increase from pre-transaction holdings of 1,754,534 shares. The purchase occurred at a point where the stock is trading at $17.08, down -66.5% from its 52-week high of $50.95 and down -29.4% over the past 90 days, though up +2.5% over the past 30 days. ModivCare reported negative net income of $-26,604,000.00 ($-26.6M) on revenue of $702,037,000.00 ($702.0M) in its latest quarter, with the company unprofitable over its most recent full fiscal year, while annual revenue growth stands at +9.8%. The insider has 5 prior trades at this ticker within recent weeks (2024-10-30 through 2024-11-05, all purchases), establishing a pattern of recent accumulated buying activity in this security.

2024-11-06 ModivCare Inc MODV
high
Buy
32,917 shares
$532,030
Significance 6/10

10% owner Q Global Capital buys 32,917 shares ($532.0K) in unprofitable MODV stock -66.7% from 52-week high; 5 rapid purchases in 7 days

Q Global Capital Management, L.P. executed 2 separate open-market purchases totaling 32,917 shares for $532,030.31 at blended average $16.16 on November 4-5, 2024. This adds to a pattern of 5 consecutive daily buys at MODV spanning October 28 through November 1, all at prices near current levels. The timing is notable given that MODV is currently -66.7% from its 52-week high of $50.95 and the company remains unprofitable, with net income of $-128,884,000.00 against quarterly revenue of $698,299,000.00. The 10% owner's incremental 32.9K share purchase increases holdings by 1.9% to 1,754,534 shares post-transaction, signaling sustained accumulation into a depressed equity despite ongoing losses.

2024-11-01 ModivCare Inc MODV
high
Buy
139,515 shares
$2,232,375
Significance 7/10

Q Global Capital Management acquires 139,515 shares across 3 purchases for $2.2M as unprofitable MODV trades -68.2% from 52-week high

Q Global Capital Management, L.P., a 10% owner, executed 3 separate purchases totaling 139,515 shares for $2,232,374.85 at blended average price $16.00 between 2024-10-30 and 2024-11-01, increasing holdings to 1.72M shares (+8.8% vs pre-transaction). The purchases occurred as ModivCare Inc (MODV) trades at $16.18, down 68.2% from its 52-week high of $50.95 and down 23.7% over 90 days, while the company reported negative $128.9M net income on $698.3M quarterly revenue. The timing of this concentrated accumulation during a sharp downtrend coincides with five prior buy transactions at MODV within the same week (2024-10-23 through 2024-10-29), signaling sustained purchasing activity by this major shareholder at depressed valuations. The fundamental context remains material: despite 9.8% annual revenue growth, the company remains unprofitable, and the prior same-ticker trades are too recent to show measurable 30-day or 90-day return outcomes.

October 2024
2024-10-29 ModivCare Inc MODV
high
Buy
82,264 shares
$1,264,636
Significance 6/10

Q Global Capital Management (10% owner) bought 82,264 shares at blended avg $15.37 across 3 trades; stock down -69.6% from 52-week high

Q Global Capital Management's 10% holder purchased 82,264 shares totaling $1,264,636.36 across 3 separate transactions from October 23–29, 2024, at prices ranging from $14.65 to $15.69, raising its stake by 5.5% to 1,582,102 shares post-transaction. The stock is currently trading at $15.48, down -69.6% from its 52-week high of $50.95, though it has gained +10.5% over the past 30 days. ModivCare remains unprofitable (net income of $-128,884,000.00 for the latest fiscal year), presenting a backdrop of operational difficulty amid the stock's sharp drawdown. The insider's 2 prior transactions at this ticker (October 23–24, 2024) and cross-ticker track record of 2 prior buys lack measurable longer-term outcomes on which to assess pattern consistency.

2024-10-25 ModivCare Inc MODV
medium
Buy
75,548 shares
$1,074,720
Significance 6/10

Q Global Capital (10% owner) buys 75,548 shares in 2 tranches for $1.1M as MODV stock recovers +23.6% in 30 days from depressed levels.

Q Global Capital, a 10% shareholder in ModivCare, executed two open-market purchases totaling 75,548 shares for $1,074,719.68 between 2024-10-23 and 2024-10-24, increasing its stake by 5.3% to 1,499,838 shares. The purchases occurred at a blended average price of $14.23, at a point when the stock trades -71.7% from its 52-week high of $50.95 but up 23.6% over the prior 30 days—suggesting the insider bought into recent price recovery rather than at absolute lows. ModivCare remains unprofitable on a full-year basis with net income of $-128,884,000.00 against quarterly revenue of $698,299,000.00, placing this purchase in a context of operational distress. The split-transaction structure and timing across consecutive trading days, alongside the 10% ownership threshold, may warrant review to clarify whether activity was discretionary or subject to trading plan restrictions.

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