North Star Investment Management Corp. Takes $1.66 Million Position in Radiant Logistics, Inc. $RLGT

North Star Investment Management Corp. purchased a new position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 235,000 shares of the company’s stock, valued at approximately $1,657,000. North Star Investment Management Corp. owned approximately 0.50% of Radiant Logistics as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in Radiant Logistics by 16.7% during the first quarter. AQR Capital Management LLC now owns 34,738 shares of the company’s stock valued at $214,000 after buying an additional 4,982 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Radiant Logistics by 165.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 32,517 shares of the company’s stock worth $200,000 after acquiring an additional 20,272 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Radiant Logistics in the 1st quarter valued at approximately $89,000. Empowered Funds LLC increased its holdings in shares of Radiant Logistics by 7.5% in the 1st quarter. Empowered Funds LLC now owns 232,046 shares of the company’s stock valued at $1,427,000 after acquiring an additional 16,141 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Radiant Logistics during the 1st quarter valued at approximately $587,000. 53.59% of the stock is owned by institutional investors.

Radiant Logistics Price Performance

RLGT opened at $9.38 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $8.60 and its 200 day moving average price is $7.57. Radiant Logistics, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.45. The firm has a market cap of $439.27 million, a price-to-earnings ratio of 27.59 and a beta of 0.82.

Radiant Logistics (NYSEAMERICAN:RLGT) last issued its earnings results on Monday, May 11th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $214.13 million during the quarter, compared to the consensus estimate of $222.60 million. Radiant Logistics had a return on equity of 10.19% and a net margin of 1.81%.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price objective on shares of Radiant Logistics from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Radiant Logistics has a consensus rating of “Buy” and an average price target of $12.00.

Insider Transactions at Radiant Logistics

In related news, CFO Todd Macomber sold 11,868 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.25, for a total transaction of $109,779.00. Following the completion of the transaction, the chief financial officer owned 87,249 shares in the company, valued at $807,053.25. The trade was a 11.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.30% of the stock is owned by corporate insiders.

Radiant Logistics Company Profile

Radiant Logistics, Inc, through its subsidiaries, is a third-party logistics (3PL) provider offering freight brokerage, managed transportation, contract logistics and supply chain solutions. The company arranges full-truckload (FTL), less-than-truckload (LTL), intermodal, ocean and air freight across multiple geographies. Radiant also provides customs brokerage, trade compliance services and warehousing support, serving industries such as manufacturing, retail, energy and automotive.

Founded in 2005 and headquartered in Green Bay, Wisconsin, Radiant Logistics has grown its network of client-facing offices throughout North America, with additional service centers in Europe and the Asia Pacific region.