Radiant Logistics (NYSEAMERICAN:RLGT) Trading Down 0.4% – Here’s Why

by · The Cerbat Gem

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Free Report) shares traded down 0.4% during trading on Monday . The company traded as low as $6.65 and last traded at $6.66. 62,059 shares were traded during mid-day trading, a decline of 56% from the average session volume of 140,223 shares. The stock had previously closed at $6.69.

Analysts Set New Price Targets

Separately, Lake Street Capital reduced their price target on shares of Radiant Logistics from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $8.00.

Check Out Our Latest Analysis on RLGT

Radiant Logistics Stock Performance

The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $6.36 and its 200 day moving average is $6.21. The stock has a market capitalization of $311.89 million, a PE ratio of 21.48 and a beta of 0.73.

Radiant Logistics (NYSEAMERICAN:RLGT – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $226.66 million for the quarter, compared to the consensus estimate of $206.64 million. Radiant Logistics had a net margin of 1.64% and a return on equity of 12.43%.

Institutional Investors Weigh In On Radiant Logistics

Several institutional investors have recently bought and sold shares of RLGT. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 purchasing an additional 6,032 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Radiant Logistics during the 2nd quarter worth $378,000. Strs Ohio acquired a new stake in shares of Radiant Logistics during the first quarter valued at about $476,000. Boston Partners increased 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 last quarter. Finally, Bailard Inc. acquired a new stake in shares of Radiant Logistics in the second quarter valued at $249,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

About Radiant Logistics

(Get Free Report)

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.

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