Campbell & CO Investment Adviser LLC Buys Shares of 62,184 Radiant Logistics, Inc. $RLGT

Campbell & CO Investment Adviser LLC acquired a new stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 62,184 shares of the company’s stock, valued at approximately $378,000. Campbell & CO Investment Adviser LLC owned 0.13% of Radiant Logistics as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Radiant Logistics during the 2nd quarter worth $129,000. Corton Capital Inc. acquired a new stake in Radiant Logistics during the second quarter worth about $109,000. Public Employees Retirement System of Ohio raised its holdings in shares of Radiant Logistics by 78.4% in 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 period. Strs Ohio acquired a new position in shares of Radiant Logistics in the 1st quarter valued at about $476,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Radiant Logistics in the 1st quarter valued at about $472,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

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

Radiant Logistics Trading Down 0.5%

NYSEAMERICAN RLGT opened at $5.97 on Monday. The stock has a market cap of $281.96 million, a P/E ratio of 17.06 and a beta of 0.78. The company’s fifty day simple moving average is $6.08 and its 200-day simple moving average is $6.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. Radiant Logistics, Inc. has a 52 week low of $5.44 and a 52 week high of $7.94.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Monday, November 10th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm 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 1.92% and a return on equity of 14.20%.

Radiant Logistics Company Profile

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.