RadNet Shares Sold by First Light Asset Management

Hedge fund cuts stake in medical imaging company by over a third

Mar. 16, 2026 at 10:05am

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First Light Asset Management LLC reduced its stake in RadNet, Inc. (NASDAQ:RDNT) by 38.5% during the third quarter, according to a recent SEC filing. The hedge fund now owns approximately 42,280 shares of the medical research company's stock, valued at around $3.2 million.

Why it matters

RadNet is a leading independent provider of outpatient diagnostic imaging services in the United States, operating a nationwide network of imaging centers. The sale by First Light Asset Management, a notable institutional investor, could signal a shift in market sentiment around the company's stock.

The details

According to the filing, First Light Asset Management sold 26,414 shares of RadNet during the third quarter, reducing its total position to 42,280 shares. The hedge fund previously owned 68,694 shares of the medical research company. RadNet's stock price has fluctuated in recent months, trading between a 52-week low of $45 and a high of $85.84.

  • First Light Asset Management filed the disclosure with the SEC on March 16, 2026.
  • The hedge fund made the share sales during the third quarter of the previous year.

The players

First Light Asset Management LLC

A hedge fund that previously held a stake in medical imaging company RadNet, Inc.

RadNet, Inc.

A leading independent provider of outpatient diagnostic imaging services in the United States, operating a nationwide network of imaging centers.

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The takeaway

The sale by First Light Asset Management suggests a potential shift in market sentiment around RadNet's stock, though the company remains a major player in the medical imaging industry. Investors will likely watch for any further changes in institutional ownership and analyst ratings for the company.