Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Short Interest Update

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 544,629 shares, a decline of 17.8% from the December 15th total of 662,407 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 166,165 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily trading volume, of 166,165 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Radiant Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of RLGT. Campbell & CO Investment Adviser LLC purchased a new position in Radiant Logistics during the 2nd quarter valued at about $378,000. Public Employees Retirement System of Ohio increased its holdings in Radiant Logistics by 78.4% during 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 period. Strs Ohio purchased a new stake in Radiant Logistics in the 1st quarter worth approximately $476,000. Boston Partners boosted its holdings in Radiant Logistics by 32.7% in the 2nd quarter. Boston Partners now owns 95,584 shares of the company’s stock valued at $581,000 after purchasing an additional 23,570 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Radiant Logistics during the 2nd quarter valued at $249,000. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Stock Down 2.5%

RLGT stock opened at $6.62 on Monday. The stock has a fifty day moving average of $6.41 and a 200-day moving average of $6.22. Radiant Logistics has a fifty-two week low of $5.44 and a fifty-two week high of $7.94. The company has a market capitalization of $310.01 million, a price-to-earnings ratio of 21.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.61 and a current ratio of 1.61.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $226.66 million for the quarter, compared to analysts’ expectations of $206.64 million. Radiant Logistics had a return on equity of 12.43% and a net margin of 1.64%.

About Radiant Logistics

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.