Boston Partners Increases Stake in Radiant Logistics, Inc. $RLGT

Boston Partners boosted its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 32.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 95,584 shares of the company’s stock after buying an additional 23,570 shares during the quarter. Boston Partners’ holdings in Radiant Logistics were worth $581,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Radiant Logistics by 16.7% in the first quarter. AQR Capital Management LLC now owns 34,738 shares of the company’s stock worth $214,000 after buying an additional 4,982 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in Radiant Logistics by 54.2% in the 1st quarter. EP Wealth Advisors LLC now owns 15,507 shares of the company’s stock worth $95,000 after acquiring an additional 5,453 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Radiant Logistics by 78.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,729 shares of the company’s stock worth $83,000 after acquiring an additional 6,032 shares during the last quarter. Quarry LP bought a new position in Radiant Logistics in the 1st quarter valued at approximately $56,000. Finally, Jump Financial LLC purchased a new stake in Radiant Logistics during the 1st quarter valued at $69,000. 53.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital decreased their price target on Radiant Logistics from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Radiant Logistics currently has a consensus rating of “Buy” and an average price target of $8.00.

Radiant Logistics Stock Down 0.5%

Shares of Radiant Logistics stock opened at $5.97 on Friday. Radiant Logistics, Inc. has a twelve month low of $5.44 and a twelve month high of $7.94. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $6.08 and its 200 day moving average is $6.09. The company has a market cap of $281.96 million, a price-to-earnings ratio of 17.06 and a beta of 0.78.

Radiant Logistics (NYSEAMERICAN:RLGT) last posted its earnings results on Monday, November 10th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $226.66 million during the quarter, compared to the consensus estimate of $206.64 million. Radiant Logistics had a net margin of 1.92% and a return on equity of 14.20%.

About Radiant Logistics

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.