RadNet Target of Unusually Large Options Trading (RDNT)

RadNet Inc. (NASDAQ:RDNT) was the recipient of some unusual options trading activity on Monday. Traders bought 1,042 put options on the stock. This represents an increase of approximately 1,866% compared to the average daily volume of 53 put options.

In other news, insider Norman R. Hames sold 10,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $14.06, for a total transaction of $140,600.00. Following the completion of the transaction, the insider now directly owns 613,000 shares of the company’s stock, valued at approximately $8,618,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Norman R. Hames sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $15.59, for a total transaction of $218,260.00. Following the transaction, the insider now directly owns 589,000 shares of the company’s stock, valued at $9,182,510. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock valued at $506,660. Company insiders own 7.56% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in RadNet in the 1st quarter worth approximately $114,000. United Services Automobile Association bought a new position in RadNet in the 2nd quarter worth approximately $156,000. Adalta Capital Management LLC bought a new position in RadNet in the 1st quarter worth approximately $175,000. GSA Capital Partners LLP bought a new position in RadNet in the 1st quarter worth approximately $177,000. Finally, Element Capital Management LLC bought a new position in RadNet in the 1st quarter worth approximately $342,000. 60.33% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of RadNet from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded shares of RadNet from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. RadNet presently has an average rating of “Buy” and a consensus price target of $14.75.

RadNet stock opened at $15.74 on Tuesday. The company has a market cap of $726.69 million, a PE ratio of 54.28, a P/E/G ratio of 5.38 and a beta of 0.27. RadNet has a twelve month low of $9.50 and a twelve month high of $15.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.49.

RadNet (NASDAQ:RDNT) last released its quarterly earnings data on Thursday, August 9th. The medical research company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $244.40 million during the quarter, compared to the consensus estimate of $239.34 million. RadNet had a positive return on equity of 17.00% and a negative net margin of 0.64%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. On average, equities analysts expect that RadNet will post 0.35 EPS for the current fiscal year.

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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