Radiant Logistics (NYSEAMERICAN:RLGT) Trading 1.5% Higher - Here's Why

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

Analyst Upgrades and Downgrades

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

Radiant Logistics Stock Up 0.2%

The firm has a market capitalization of $293.21 million, a price-to-earnings ratio of 17.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.49. The business has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.52.

Insiders Place Their Bets

In related news, CFO Todd Macomber sold 25,000 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $6.15, for a total transaction of $153,750.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 24.60% of the company's stock.

Institutional Investors Weigh In On Radiant Logistics

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Radiant Logistics by 1.4% during the 4th quarter. Invesco Ltd. now owns 101,315 shares of the company's stock valued at $679,000 after acquiring an additional 1,408 shares during the period. Rhumbline Advisers boosted its position in Radiant Logistics by 2.7% during the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company's stock worth $367,000 after purchasing an additional 1,415 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Radiant Logistics by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company's stock valued at $91,000 after purchasing an additional 2,201 shares during the period. RBF Capital LLC grew its holdings in Radiant Logistics by 5.4% in the fourth quarter. RBF Capital LLC now owns 53,932 shares of the company's stock valued at $361,000 after purchasing an additional 2,751 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Radiant Logistics by 6.4% in the fourth quarter. Hsbc Holdings PLC now owns 69,928 shares of the company's stock valued at $473,000 after buying an additional 4,187 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

About Radiant Logistics

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.