RadNet, Inc. (NASDAQ:RDNT) insider Jeffrey L. Linden sold 10,104 shares of RadNet stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $8.46, for a total transaction of $85,479.84. Following the sale, the insider now owns 970,297 shares of the company’s stock, valued at $8,208,712.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of RadNet, Inc. (NASDAQ RDNT) traded down 1.76% during midday trading on Wednesday, reaching $8.35. 145,324 shares of the company’s stock traded hands. The firm has a market capitalization of $394.67 million, a PE ratio of 43.95 and a beta of 1.01. The stock’s 50-day moving average price is $7.79 and its 200 day moving average price is $6.73. RadNet, Inc. has a one year low of $5.25 and a one year high of $8.70.

RadNet (NASDAQ:RDNT) last posted its earnings results on Tuesday, August 8th. The medical research company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $230 million during the quarter, compared to the consensus estimate of $230.32 million. RadNet had a return on equity of 19.98% and a net margin of 1.04%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. On average, equities research analysts expect that RadNet, Inc. will post $0.29 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of RadNet from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in RadNet by 1.9% in the second quarter. Wells Fargo & Company MN now owns 35,843 shares of the medical research company’s stock worth $278,000 after buying an additional 654 shares in the last quarter. Bank of America Corp DE increased its position in RadNet by 5.9% in the first quarter. Bank of America Corp DE now owns 26,580 shares of the medical research company’s stock worth $157,000 after buying an additional 1,477 shares in the last quarter. American International Group Inc. increased its position in RadNet by 7.0% in the first quarter. American International Group Inc. now owns 22,857 shares of the medical research company’s stock worth $135,000 after buying an additional 1,500 shares in the last quarter. National Planning Corp increased its position in RadNet by 9.8% in the second quarter. National Planning Corp now owns 16,796 shares of the medical research company’s stock worth $132,000 after buying an additional 1,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in RadNet by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 33,305 shares of the medical research company’s stock worth $258,000 after buying an additional 1,997 shares in the last quarter. Hedge funds and other institutional investors own 46.00% of the company’s stock.

RadNet Company Profile

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

Insider Buying and Selling by Quarter for RadNet (NASDAQ:RDNT)

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