First Trust Advisors LP bought a new position in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,647 shares of the company’s stock, valued at approximately $141,000. First Trust Advisors LP owned 0.05% of Radiant Logistics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Radiant Logistics by 18.1% during the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock worth $7,528,000 after purchasing an additional 214,528 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Radiant Logistics by 43.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,288,236 shares of the company’s stock worth $6,931,000 after acquiring an additional 389,620 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Radiant Logistics by 129.9% in the second quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock worth $4,319,000 after acquiring an additional 453,611 shares in the last quarter. State Street Corp boosted its holdings in Radiant Logistics by 11.1% in the second quarter. State Street Corp now owns 588,753 shares of the company’s stock worth $3,167,000 after acquiring an additional 59,023 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Radiant Logistics by 9.4% in the second quarter. Northern Trust Corp now owns 420,435 shares of the company’s stock worth $2,262,000 after acquiring an additional 36,280 shares in the last quarter. 39.47% of the stock is owned by institutional investors and hedge funds.

Shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) traded up $0.04 during trading hours on Thursday, reaching $4.61. The company’s stock had a trading volume of 65,100 shares, compared to its average volume of 259,764. The company has a market capitalization of $223.39, a price-to-earnings ratio of 17.24 and a beta of 0.76. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Radiant Logistics Inc has a 1-year low of $3.39 and a 1-year high of $6.65.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Radiant Logistics had a return on equity of 1.03% and a net margin of 0.45%. The firm had revenue of $198.00 million during the quarter, compared to the consensus estimate of $210.37 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. equities research analysts expect that Radiant Logistics Inc will post 0.27 earnings per share for the current year.

Several research analysts have issued reports on RLGT shares. Zacks Investment Research lowered Radiant Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Cowen reiterated a “buy” rating and issued a $7.00 price target on shares of Radiant Logistics in a report on Thursday, September 7th.

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Radiant Logistics 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.

Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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