Wasatch Advisors Inc. Boosts Stake in Radiant Logistics Inc (RLGT)
Wasatch Advisors Inc. increased its position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 109.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 572,440 shares of the company’s stock after purchasing an additional 299,440 shares during the period. Wasatch Advisors Inc. owned 1.17% of Radiant Logistics worth $3,040,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of RLGT. Vanguard Group Inc. raised its stake in Radiant Logistics by 18.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after acquiring an additional 214,528 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Radiant Logistics by 43.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,288,236 shares of the company’s stock valued at $6,931,000 after acquiring an additional 389,620 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Radiant Logistics by 129.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock valued at $4,319,000 after acquiring an additional 453,611 shares during the last quarter. State Street Corp raised its stake in Radiant Logistics by 11.1% during the 2nd quarter. State Street Corp now owns 588,753 shares of the company’s stock valued at $3,167,000 after acquiring an additional 59,023 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Radiant Logistics by 9.4% during the 2nd quarter. Northern Trust Corp now owns 420,435 shares of the company’s stock valued at $2,262,000 after acquiring an additional 36,280 shares during the last quarter. 39.47% of the stock is owned by institutional investors and hedge funds.
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Radiant Logistics Inc (NYSEAMERICAN RLGT) traded down $0.27 during midday trading on Friday, reaching $4.63. The company’s stock had a trading volume of 113,900 shares, compared to its average volume of 267,949. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18. Radiant Logistics Inc has a 52 week low of $3.39 and a 52 week high of $6.65. The firm has a market cap of $241.32, a PE ratio of 17.24 and a beta of 0.80.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $198.00 million during 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 business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. research analysts predict that Radiant Logistics Inc will post 0.27 earnings per share for the current year.
Several equities analysts have issued reports on RLGT shares. Zacks Investment Research cut Radiant Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Cowen Inc reiterated a “buy” rating and set a $7.00 target price on shares of Radiant Logistics in a research report on Thursday, September 7th.
Radiant Logistics Company 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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