Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Sells $153,750.00 in Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) CFO Todd Macomber sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $6.15, for a total value of $153,750.00. Following the transaction, the chief financial officer owned 156,704 shares of the company's stock, valued at $963,729.60. This trade represents a 13.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Radiant Logistics Stock Down 2.1%

NYSEAMERICAN RLGT traded down $0.13 during trading hours on Monday, reaching $6.08. 174,980 shares of the company's stock were exchanged, compared to its average volume of 143,112. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $286.61 million, a price-to-earnings ratio of 17.37 and a beta of 0.90. The company's 50-day moving average is $6.02 and its two-hundred day moving average is $6.53. Radiant Logistics, Inc. has a one year low of $5.26 and a one year high of $7.94.

Institutional Investors Weigh In On Radiant Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in Radiant Logistics in the first quarter valued at approximately $56,000. ProShare Advisors LLC acquired a new stake in Radiant Logistics in the 4th quarter valued at about $67,000. EP Wealth Advisors LLC acquired a new position in Radiant Logistics during the fourth quarter worth approximately $67,000. Jump Financial LLC acquired a new stake in shares of Radiant Logistics in the first quarter valued at approximately $69,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Radiant Logistics by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company's stock worth $91,000 after acquiring an additional 2,201 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th.

Radiant Logistics Company Profile

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.

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