Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) shares rose 3.5% on Wednesday . The company traded as high as $6.24 and last traded at $6.21. Approximately 93,059 shares changed hands during trading, a decline of 35% from the average daily volume of 142,124 shares. The stock had previously closed at $6.00.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th.
View Our Latest Stock Report on RLGT
Radiant Logistics Trading Up 0.5%
The firm has a market cap of $292.27 million, a price-to-earnings ratio of 17.71 and a beta of 0.89. The business's 50 day moving average price is $6.05 and its 200-day moving average price is $6.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.49.
Insiders Place Their Bets
In related news, CFO Todd Macomber sold 25,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $6.15, for a total transaction of $153,750.00. Following the sale, the chief financial officer owned 156,704 shares in the company, valued at $963,729.60. This represents a 13.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Radiant Logistics by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company's stock valued at $20,147,000 after acquiring an additional 40,666 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock valued at $17,187,000 after acquiring an additional 177,990 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Radiant Logistics by 4.9% in the first quarter. Royce & Associates LP now owns 2,376,764 shares of the company's stock valued at $14,617,000 after acquiring an additional 110,086 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Radiant Logistics by 7.9% in the first quarter. Bridgeway Capital Management LLC now owns 484,758 shares of the company's stock valued at $2,981,000 after acquiring an additional 35,403 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Radiant Logistics by 8.3% during the fourth quarter. Bank of America Corp DE now owns 396,668 shares of the company's stock worth $2,658,000 after buying an additional 30,305 shares in the last quarter. Institutional investors own 53.59% of the company's stock.
Radiant Logistics Company Profile
(
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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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