Radiant Logistics Inc (RLGT) Coverage Initiated by Analysts at Seaport Global Securities
Several other equities analysts have also recently commented on RLGT. TheStreet upgraded Radiant Logistics from a sell rating to a hold rating in a research report on Monday, November 21st. Cowen and Company boosted their target price on Radiant Logistics from $5.00 to $7.00 and gave the stock an outperform rating in a research report on Friday, February 10th. Finally, Zacks Investment Research upgraded Radiant Logistics from a hold rating to a strong-buy rating and set a $5.00 target price for the company in a research report on Saturday, February 11th.
Shares of Radiant Logistics (NYSE:RLGT) traded down 7.5330% during trading on Friday, hitting $5.0487. The stock had a trading volume of 316,396 shares. Radiant Logistics has a 52 week low of $2.45 and a 52 week high of $5.96. The firm has a 50-day moving average price of $4.86 and a 200 day moving average price of $3.65. The company has a market capitalization of $245.04 million and a PE ratio of 420.7250.
Radiant Logistics (NYSE:RLGT) last posted its earnings results on Wednesday, February 8th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The business had revenue of $198.88 million for the quarter, compared to analysts’ expectations of $189.49 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Radiant Logistics’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Radiant Logistics will post $0.24 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the company. JBF Capital Inc. boosted its position in Radiant Logistics by 332.9% in the third quarter. JBF Capital Inc. now owns 36,410 shares of the company’s stock worth $103,000 after buying an additional 28,000 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Radiant Logistics by 339.1% in the third quarter. Acrospire Investment Management LLC now owns 56,828 shares of the company’s stock worth $161,000 after buying an additional 43,886 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Radiant Logistics during the fourth quarter worth about $276,000. Two Sigma Investments LP boosted its position in Radiant Logistics by 39.5% in the fourth quarter. Two Sigma Investments LP now owns 81,056 shares of the company’s stock worth $316,000 after buying an additional 22,937 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Radiant Logistics during the fourth quarter worth about $453,000.
Radiant Logistics Company Profile
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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