RADIANT LOGISTI/SH SH (RLGT) Rating Increased to B- at TheStreet
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.
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.
Featured Story: How to Invest in Growth Stocks
Receive News & Ratings for RADIANT LOGISTI/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADIANT LOGISTI/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.