Radiant Logistics (NYSEAMERICAN:RLGT) Stock Rating Upgraded by StockNews.com

Radiant Logistics (NYSEAMERICAN:RLGTGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Radiant Logistics Price Performance

RLGT stock opened at $5.33 on Wednesday. Radiant Logistics has a 12 month low of $5.25 and a 12 month high of $7.76. The stock has a market capitalization of $250.08 million, a PE ratio of 25.38 and a beta of 0.79.

Radiant Logistics (NYSEAMERICAN:RLGTGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.11 earnings per share (EPS) for the quarter. Radiant Logistics had a return on equity of 12.94% and a net margin of 1.23%. The company had revenue of $201.08 million during the quarter.

Insiders Place Their Bets

In related news, insider Arnold Goldstein sold 12,404 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $5.53, for a total value of $68,594.12. Following the transaction, the insider now directly owns 10,584 shares in the company, valued at approximately $58,529.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 24.50% of the company’s stock.

Institutional Investors Weigh In On Radiant Logistics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Radiant Logistics by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,905,214 shares of the company’s stock worth $19,291,000 after purchasing an additional 59,435 shares in the last quarter. BlackRock Inc. boosted its stake in Radiant Logistics by 2.6% in the second quarter. BlackRock Inc. now owns 2,684,656 shares of the company’s stock worth $18,041,000 after buying an additional 69,117 shares in the last quarter. Wellington Management Group LLP boosted its stake in Radiant Logistics by 2.8% in the first quarter. Wellington Management Group LLP now owns 2,584,112 shares of the company’s stock worth $16,461,000 after buying an additional 70,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Radiant Logistics by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,344,936 shares of the company’s stock worth $15,570,000 after buying an additional 26,513 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Radiant Logistics by 20.7% in the first quarter. Ameriprise Financial Inc. now owns 1,287,133 shares of the company’s stock worth $8,444,000 after buying an additional 220,381 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

About Radiant Logistics

(Get Free Report)

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.

Further Reading

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