TheStreet upgraded shares of RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) from a c rating to a b- rating in a report published on Friday.

Separately, Zacks Investment Research downgraded shares of RADIANT LOGISTI/SH SH from a strong-buy rating to a hold rating in a research note on Tuesday, July 17th.

Shares of RLGT opened at $5.50 on Friday. RADIANT LOGISTI/SH SH has a fifty-two week low of $3.46 and a fifty-two week high of $5.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) last posted its earnings results on Thursday, September 13th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The business had revenue of $233.81 million for the quarter, compared to analyst estimates of $224.31 million. RADIANT LOGISTI/SH SH had a net margin of 0.77% and a return on equity of 3.29%. analysts predict that RADIANT LOGISTI/SH SH will post 0.27 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in RADIANT LOGISTI/SH SH by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,283 shares of the company’s stock worth $533,000 after buying an additional 14,833 shares during the period. Carillon Tower Advisers Inc. increased its position in shares of RADIANT LOGISTI/SH SH by 5.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 316,250 shares of the company’s stock worth $1,237,000 after purchasing an additional 17,550 shares during the last quarter. Scout Investments Inc. increased its position in shares of RADIANT LOGISTI/SH SH by 5.9% in the 2nd quarter. Scout Investments Inc. now owns 332,273 shares of the company’s stock worth $1,299,000 after purchasing an additional 18,598 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of RADIANT LOGISTI/SH SH in the 2nd quarter worth about $104,000. Finally, Russell Investments Group Ltd. increased its position in shares of RADIANT LOGISTI/SH SH by 4.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 639,903 shares of the company’s stock worth $2,502,000 after purchasing an additional 28,900 shares during the last quarter. 39.47% of the stock is currently owned by hedge funds and other institutional investors.

RADIANT LOGISTI/SH SH Company Profile

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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