Radiant Logistics (NYSEAMERICAN:RLGT) Trading Up 3.5% - Here's Why

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report)'s stock price traded up 3.5% during mid-day trading on Wednesday . The stock traded as high as $6.24 and last traded at $6.21. 93,059 shares traded hands during trading, a decline of 35% from the average session volume of 142,124 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

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

Radiant Logistics Price Performance

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 firm has a market capitalization of $292.27 million, a P/E ratio of 17.71 and a beta of 0.89. The stock's 50 day simple moving average is $6.05 and its 200 day simple moving average is $6.40.

Insider Activity

In other Radiant Logistics news, CFO Todd Macomber sold 25,000 shares of Radiant Logistics stock in a transaction on Friday, June 27th. The shares were sold at an average price of $6.15, for a total value 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 approximately $963,729.60. The trade was a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 24.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Radiant Logistics

Several institutional investors and hedge funds have recently bought and sold shares of RLGT. Vanguard Group Inc. lifted its holdings in Radiant Logistics by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock worth $17,187,000 after buying an additional 177,990 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Radiant Logistics by 16.8% in the 4th quarter. Wells Fargo & Company MN now owns 30,249 shares of the company's stock valued at $203,000 after purchasing an additional 4,341 shares during the last quarter. Invesco Ltd. grew its position in shares of Radiant Logistics by 1.4% in the 4th quarter. Invesco Ltd. now owns 101,315 shares of the company's stock valued at $679,000 after buying an additional 1,408 shares during the last quarter. Barclays PLC raised its stake in Radiant Logistics by 16.0% during the 4th quarter. Barclays PLC now owns 100,748 shares of the company's stock worth $675,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Radiant Logistics by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company's stock worth $20,147,000 after acquiring an additional 40,666 shares in the last quarter. 53.59% of the stock is currently 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.