Insiders Are Reducing Their Stakes In ChannelAdvisor Corp (ECOM), Endurance Specialty Holdings Ltd. (ENH), And RadNet Inc. (RDNT)

Page 2 of 2

Moving on to Endurance Specialty Holdings Ltd. (NYSE:ENH), where Chief Risk Officer, Joan deLemps, disposed of 6,938 shares at $62.45 apiece on September 2, bringing her total holding down to 36,155 shares. Endurance Specialty Holdings Ltd. (NYSE:ENH) is engaged in underwriting specialty lines of property and casualty insurance and reinsurance. After remaining nearly flat for the most part of the first half of the year, the company’s stock jumped by 10% between mid-June and mid-August, but has fallen since then and currently trades up by 4.15% year-to-date. On August 5, Keefe, Bruyette & Woods reiterated its ‘Outperform’ rating on the stock and raised the price target $70 from $68. Ric Dillon‘s Diamond Hill Capital was the largest shareholder of Endurance Specialty Holdings Ltd. (NYSE:ENH) among the funs in our database, owning almost 940,000 shares as of the end of June.

Finally, let’s evaluate the insider selling in diagnostic imaging services provider RadNet Inc. (NASDAQ:RDNT). Norman R. Hames, the Secretary and COO of Western Operations, sold 6,000 shares of RadNet Inc. (NASDAQ:RDNT) in three transactions on September 2 at an average price of $6.04 per unit. After this transaction, Mr. Hames’ stake in the company stands at 717,050 shares. Due to the loss of $0.11 per share reported for the first quarter, when analysts were expecting a profit of $0.06, RadNet Inc. (NASDAQ:RDNT)’s stock plunged by 30% in a few days. Even though the stock was able to recoup some of the losses after the company declared its second-quarter results, that rally was short-lived in the wake of the recent market volatility and currently trades down by 35% year-to-date. In August, B. Riley reiterated its ‘Buy’ rating and $11 price target on the stock, which represents a potential 170% premium to the current price. Among the funds that reduced their stake in the company during the second quarter was Jim Simons‘ Renaissance Technologies, which at the end of June owned 296,700 shares of RadNet Inc. (NASDAQ:RDNT).

Disclosure: None

Page 2 of 2