FONAR Co. (NASDAQ:FONR) Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC lifted its holdings in shares of FONAR Co. (NASDAQ:FONR) by 142.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,400 shares of the medical equipment provider’s stock after purchasing an additional 66,563 shares during the quarter. Acuitas Investments LLC’s holdings in FONAR were worth $1,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Linden Thomas Advisory Services LLC lifted its position in FONAR by 9.6% during the second 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. Denali Advisors LLC increased its stake in shares of FONAR by 20.1% during the 1st quarter. Denali Advisors LLC now owns 16,100 shares of the medical equipment provider’s stock valued at $344,000 after acquiring an additional 2,700 shares during the last quarter. Empowered Funds LLC boosted its position in shares of FONAR by 37.6% in the first quarter. Empowered Funds LLC now owns 16,492 shares of the medical equipment provider’s stock worth $352,000 after acquiring an additional 4,507 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in FONAR by 7.8% in the first quarter. Hillsdale Investment Management Inc. now owns 66,200 shares of the medical equipment provider’s stock valued at $1,414,000 after purchasing an additional 4,800 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in FONAR by 38.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,978 shares of the medical equipment provider’s stock valued at $704,000 after purchasing an additional 9,237 shares during the period. Hedge funds and other institutional investors own 50.64% of the company’s stock.

FONAR Stock Performance

FONR stock opened at $16.22 on Friday. The firm has a market cap of $102.64 million, a P/E ratio of 10.40 and a beta of 1.19. FONAR Co. has a 1 year low of $12.13 and a 1 year high of $24.05. The stock has a 50-day simple moving average of $17.11 and a 200-day simple moving average of $17.90.

Analysts Set New Price Targets

Separately, StockNews.com raised FONAR from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

FONAR Company 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.