Seizert Capital Partners LLC Sells 1,570 Shares of Fonar Co. (NASDAQ:FONR)

Seizert Capital Partners LLC reduced its stake in shares of Fonar Co. (NASDAQ:FONR) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,261 shares of the medical equipment provider’s stock after selling 1,570 shares during the quarter. Seizert Capital Partners LLC owned 0.30% of Fonar worth $414,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in shares of Fonar by 720.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,312 shares of the medical equipment provider’s stock valued at $27,000 after buying an additional 1,152 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Fonar during the first quarter valued at about $49,000. Meeder Asset Management Inc. grew its stake in shares of Fonar by 14.9% during the second quarter. Meeder Asset Management Inc. now owns 4,334 shares of the medical equipment provider’s stock valued at $93,000 after buying an additional 561 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Fonar by 79.2% during the fourth quarter. Bank of America Corp DE now owns 5,481 shares of the medical equipment provider’s stock valued at $111,000 after buying an additional 2,422 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Fonar by 28.1% during the first quarter. Marshall Wace LLP now owns 21,402 shares of the medical equipment provider’s stock valued at $438,000 after buying an additional 4,701 shares during the last quarter. 42.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FONR traded down $0.11 on Friday, reaching $24.28. 16,808 shares of the company traded hands, compared to its average volume of 39,916. The business’s 50-day simple moving average is $23.10 and its 200 day simple moving average is $21.57. Fonar Co. has a 52 week low of $18.85 and a 52 week high of $26.35. The stock has a market capitalization of $155.06 million, a P/E ratio of 8.16 and a beta of 0.84.

Fonar Profile

FONAR Corporation, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the Unites States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries.

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Institutional Ownership by Quarter for Fonar (NASDAQ:FONR)

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