Radiant Logistics (NYSEAMERICAN:RLGT) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Radiant Logistics (NYSEAMERICAN:RLGTFree Report) from a hold rating to a buy rating in a research note released on Thursday morning.

Radiant Logistics Price Performance

NYSEAMERICAN:RLGT opened at $5.42 on Thursday. The company has a market cap of $254.31 million, a P/E ratio of 25.81 and a beta of 0.79. Radiant Logistics has a fifty-two week low of $5.25 and a fifty-two week high of $7.76.

Radiant Logistics (NYSEAMERICAN:RLGTGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.11 EPS for the quarter. Radiant Logistics had a net margin of 1.23% and a return on equity of 12.94%. The company had revenue of $201.08 million during the quarter.

Insider Activity

In other news, insider Arnold Goldstein sold 12,404 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $5.53, for a total value of $68,594.12. Following the sale, the insider now directly owns 10,584 shares in the company, valued at approximately $58,529.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 24.50% of the company’s stock.

Institutional Investors Weigh In On Radiant Logistics

Several hedge funds and other institutional investors have recently bought and sold shares of RLGT. Vanguard Group Inc. increased its stake in Radiant Logistics by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,344,936 shares of the company’s stock valued at $15,570,000 after purchasing an additional 26,513 shares during the period. Barclays PLC boosted its holdings in Radiant Logistics by 126.7% during the fourth quarter. Barclays PLC now owns 88,619 shares of the company’s stock worth $589,000 after buying an additional 49,527 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Radiant Logistics by 9.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 328,064 shares of the company’s stock worth $2,178,000 after buying an additional 27,648 shares in the last quarter. Royal Bank of Canada boosted its holdings in Radiant Logistics by 16.5% during the fourth quarter. Royal Bank of Canada now owns 60,300 shares of the company’s stock worth $400,000 after buying an additional 8,535 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in Radiant Logistics by 4.0% during the fourth quarter. Wasatch Advisors LP now owns 1,089,210 shares of the company’s stock worth $7,232,000 after acquiring an additional 42,003 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Radiant Logistics Company Profile

(Get Free Report)

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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