FONAR Co. (NASDAQ:FONR) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC grew its stake in shares of FONAR Co. (NASDAQ:FONR) by 21.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,342 shares of the medical equipment provider’s stock after acquiring an additional 5,998 shares during the quarter. Inspire Advisors LLC owned about 0.54% of FONAR worth $556,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FONR. Lakewood Asset Management LLC acquired a new position in FONAR in the 3rd quarter worth approximately $173,000. Denali Advisors LLC increased its holdings in FONAR by 20.1% in the 1st quarter. Denali Advisors LLC now owns 16,100 shares of the medical equipment provider’s stock worth $344,000 after buying an additional 2,700 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in FONAR by 9.6% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 21,605 shares of the medical equipment provider’s stock worth $346,000 after buying an additional 1,900 shares during the period. Empowered Funds LLC increased its holdings in FONAR by 37.6% in the 1st quarter. Empowered Funds LLC now owns 16,492 shares of the medical equipment provider’s stock worth $352,000 after buying an additional 4,507 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in FONAR by 38.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 32,978 shares of the medical equipment provider’s stock worth $704,000 after buying an additional 9,237 shares during the period. Institutional investors and hedge funds own 50.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of FONAR from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th.

FONAR Price Performance

Shares of NASDAQ FONR opened at $15.69 on Friday. The stock has a market capitalization of $99.29 million, a price-to-earnings ratio of 10.06 and a beta of 1.19. FONAR Co. has a 12 month low of $12.13 and a 12 month high of $24.05. The firm’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $16.61.

FONAR Profile

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services.