RadNet Inc. (NASDAQ:RDNT) VP Sells $313,650.45 in Stock

RadNet Inc. (NASDAQ:RDNT) VP Mark Stolper sold 20,703 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $15.15, for a total transaction of $313,650.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of RDNT opened at $15.10 on Friday. The company has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $13.51. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 5.09. The company has a market capitalization of $753.91 million, a PE ratio of 22.88, a P/E/G ratio of 6.08 and a beta of 1.02. RadNet Inc. has a 52-week low of $9.97 and a 52-week high of $16.54.

RadNet (NASDAQ:RDNT) last announced its quarterly earnings results on Thursday, August 8th. The medical research company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The company had revenue of $289.10 million during the quarter, compared to analysts’ expectations of $272.36 million. RadNet had a net margin of 3.33% and a return on equity of 18.91%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, research analysts anticipate that RadNet Inc. will post 0.33 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in RadNet in the 2nd quarter valued at about $8,699,000. Beck Mack & Oliver LLC boosted its stake in shares of RadNet by 54.8% during the 2nd quarter. Beck Mack & Oliver LLC now owns 1,065,134 shares of the medical research company’s stock worth $14,688,000 after purchasing an additional 376,981 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in shares of RadNet by 63.1% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 897,148 shares of the medical research company’s stock worth $11,116,000 after purchasing an additional 347,100 shares during the last quarter. Cortina Asset Management LLC boosted its stake in shares of RadNet by 32.5% during the 2nd quarter. Cortina Asset Management LLC now owns 1,167,254 shares of the medical research company’s stock worth $16,096,000 after purchasing an additional 286,388 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of RadNet during the 2nd quarter worth about $3,332,000. Institutional investors and hedge funds own 63.23% of the company’s stock.

RDNT has been the subject of a number of analyst reports. BidaskClub upgraded shares of RadNet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of RadNet from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, TheStreet downgraded shares of RadNet from a “b-” rating to a “c” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. RadNet has a consensus rating of “Buy” and a consensus price target of $17.75.

RadNet Company Profile

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.

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