Radiant Logistics Inc (NYSEAMERICAN:RLGT) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 923,706 shares, a drop of 1.4% from the January 15th total of 936,365 shares. Based on an average daily volume of 221,487 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.6% of the shares of the company are short sold.

Shares of NYSEAMERICAN:RLGT opened at $6.00 on Thursday. Radiant Logistics has a 52 week low of $3.46 and a 52 week high of $6.15.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Monday, February 11th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $260.94 million during the quarter, compared to analyst estimates of $232.02 million.

Several institutional investors have recently bought and sold shares of RLGT. Meeder Asset Management Inc. bought a new position in shares of Radiant Logistics in the fourth quarter valued at approximately $37,000. Acadian Asset Management LLC bought a new position in shares of Radiant Logistics in the fourth quarter valued at approximately $73,000. SG Americas Securities LLC bought a new position in shares of Radiant Logistics in the fourth quarter valued at approximately $86,000. Bank of Montreal Can boosted its holdings in shares of Radiant Logistics by 126.3% in the fourth quarter. Bank of Montreal Can now owns 29,678 shares of the company’s stock valued at $125,000 after acquiring an additional 16,565 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Radiant Logistics by 9.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 30,299 shares of the company’s stock valued at $143,000 after acquiring an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.

Several brokerages have commented on RLGT. Seaport Global Securities restated a “buy” rating on shares of Radiant Logistics in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Tuesday, January 22nd. Finally, TheStreet lowered shares of Radiant Logistics from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. Four analysts have rated the stock with a buy rating, Radiant Logistics presently has an average rating of “Buy” and an average price target of $6.67.

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Radiant Logistics 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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