Recent Analysts’ Ratings Changes for Radiant Logistics (RLGT)

A number of firms have modified their ratings and price targets on shares of Radiant Logistics (NYSEAMERICAN: RLGT) recently:

• 4/16/2024 – Radiant Logistics was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/10/2024 – Radiant Logistics was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/3/2024 – Radiant Logistics was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/28/2024 – Radiant Logistics was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/10/2024 – Radiant Logistics was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/4/2024 – Radiant Logistics was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Radiant Logistics Price Performance

Shares of Radiant Logistics stock opened at $5.07 on Tuesday. The stock has a market capitalization of $237.88 million, a price-to-earnings ratio of 24.14 and a beta of 0.79. Radiant Logistics, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $7.76.

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

Insider Buying and Selling at Radiant Logistics

In other news, insider Arnold Goldstein sold 12,404 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 10,584 shares of the company’s stock, valued at approximately $58,529.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Radiant Logistics

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Radiant Logistics by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,344,936 shares of the company’s stock valued at $15,570,000 after buying an additional 26,513 shares during the period. Barclays PLC boosted its position in Radiant Logistics by 126.7% in the 4th quarter. Barclays PLC now owns 88,619 shares of the company’s stock valued at $589,000 after buying an additional 49,527 shares during the period. Bridgeway Capital Management LLC boosted its position in Radiant Logistics by 9.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 328,064 shares of the company’s stock valued at $2,178,000 after buying an additional 27,648 shares during the period. Royal Bank of Canada boosted its position in Radiant Logistics by 16.5% in the 4th quarter. Royal Bank of Canada now owns 60,300 shares of the company’s stock valued at $400,000 after buying an additional 8,535 shares during the period. Finally, Wasatch Advisors LP raised its holdings in shares of Radiant Logistics by 4.0% in the 4th quarter. Wasatch Advisors LP now owns 1,089,210 shares of the company’s stock valued at $7,232,000 after purchasing an additional 42,003 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.