Voya Investment Management LLC Grows Stake in Radiant Logistics Inc (RLGT)
Voya Investment Management LLC raised its holdings in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,418 shares of the company’s stock after buying an additional 3,640 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Radiant Logistics worth $148,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in shares of Radiant Logistics by 46.5% in the second quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock valued at $1,409,000 after purchasing an additional 83,192 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Radiant Logistics by 337.5% in the second quarter. Nationwide Fund Advisors now owns 200,809 shares of the company’s stock valued at $1,080,000 after purchasing an additional 154,906 shares during the period. Eagle Global Advisors LLC grew its holdings in shares of Radiant Logistics by 180.0% in the second quarter. Eagle Global Advisors LLC now owns 56,330 shares of the company’s stock valued at $303,000 after purchasing an additional 36,210 shares during the period. Chicago Equity Partners LLC grew its holdings in shares of Radiant Logistics by 35.6% in the second quarter. Chicago Equity Partners LLC now owns 104,055 shares of the company’s stock valued at $560,000 after purchasing an additional 27,345 shares during the period. Finally, Thrivent Financial For Lutherans purchased a new stake in shares of Radiant Logistics in the second quarter valued at about $327,000. 39.47% of the stock is owned by institutional investors and hedge funds.
Shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) opened at $4.63 on Thursday. The stock has a market cap of $241.32, a PE ratio of 17.24 and a beta of 0.80. Radiant Logistics Inc has a 1 year low of $3.39 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 1.18.
Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The business had revenue of $198.00 million for the quarter, compared to analyst estimates of $210.37 million. Radiant Logistics had a return on equity of 12.51% and a net margin of 0.49%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. research analysts expect that Radiant Logistics Inc will post 0.27 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on RLGT shares. Cowen and Company reissued a “buy” rating and issued a $7.00 price objective on shares of Radiant Logistics in a report on Thursday, September 7th. Zacks Investment Research raised shares of Radiant Logistics from a “sell” rating to a “hold” rating in a report on Thursday, October 19th.
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Radiant Logistics Profile
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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