Radiant Logistics (NYSEAMERICAN:RLGT) Trading 1.5% Higher - What's Next?

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) shares were up 1.5% during mid-day trading on Wednesday . The stock traded as high as $6.23 and last traded at $6.21. Approximately 102,857 shares were traded during trading, a decline of 28% from the average daily volume of 142,282 shares. The stock had previously closed at $6.12.

Analyst Ratings Changes

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

Radiant Logistics Stock Performance

The firm has a 50 day moving average of $6.04 and a two-hundred day moving average of $6.51. The stock has a market cap of $293.21 million, a P/E ratio of 17.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.49.

Insider Activity at Radiant Logistics

In other Radiant Logistics news, 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 completion of the sale, the chief financial officer owned 156,704 shares in the company, valued at approximately $963,729.60. This trade represents a 13.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.60% of the company's stock.

Hedge Funds Weigh In On Radiant Logistics

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Radiant Logistics in the 1st quarter worth approximately $56,000. EP Wealth Advisors LLC bought a new position in shares of Radiant Logistics in the 4th quarter worth $67,000. ProShare Advisors LLC bought a new position in shares of Radiant Logistics in the 4th quarter worth $67,000. Jump Financial LLC bought a new position in shares of Radiant Logistics in the 1st quarter worth $69,000. Finally, NewEdge Advisors LLC bought a new position in Radiant Logistics during the first quarter worth about $89,000. 53.59% of the stock is owned by institutional investors and hedge funds.

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.