RadNet Inc. (NASDAQ:RDNT) insider John V. Crues sold 19,684 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $10.01, for a total value of $197,036.84. Following the completion of the sale, the insider now directly owns 544,097 shares in the company, valued at approximately $5,446,410.97. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of RadNet Inc. (NASDAQ RDNT) traded down $0.10 during midday trading on Wednesday, hitting $10.00. The stock had a trading volume of 439,800 shares, compared to its average volume of 208,926. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 7.88. RadNet Inc. has a 1-year low of $5.25 and a 1-year high of $11.90. The firm has a market cap of $481.00, a price-to-earnings ratio of 33.67, a PEG ratio of 3.39 and a beta of 0.82.

RadNet (NASDAQ:RDNT) last issued its earnings results on Thursday, November 9th. The medical research company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. RadNet had a return on equity of 23.73% and a net margin of 1.21%. The business had revenue of $227.60 million for the quarter, compared to analyst estimates of $232.84 million. During the same quarter last year, the company earned $0.11 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. sell-side analysts forecast that RadNet Inc. will post 0.35 earnings per share for the current year.

RDNT has been the topic of several research analyst reports. Zacks Investment Research lowered RadNet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet raised RadNet from a “c” rating to a “b-” rating in a research report on Thursday, August 24th. BidaskClub raised RadNet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Finally, Jefferies Group raised RadNet from a “hold” rating to a “buy” rating and raised their target price for the stock from $7.00 to $12.00 in a research report on Tuesday, August 22nd.

Hedge funds and other institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC purchased a new position in RadNet during the 3rd quarter worth approximately $946,000. Cubist Systematic Strategies LLC purchased a new position in RadNet during the 3rd quarter worth approximately $195,000. Highbridge Capital Management LLC grew its stake in RadNet by 241.4% during the 3rd quarter. Highbridge Capital Management LLC now owns 70,875 shares of the medical research company’s stock worth $819,000 after buying an additional 50,115 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in RadNet by 83.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 186,900 shares of the medical research company’s stock worth $2,157,000 after buying an additional 84,900 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in RadNet during the 3rd quarter worth approximately $1,142,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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About RadNet

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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