Radiant Logistics Sees Unusually Large Options Volume (NYSEAMERICAN:RLGT)

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) saw some unusual options trading on Thursday. Investors purchased 2,122 put options on the stock. This is an increase of 1,066% compared to the average volume of 182 put options.

Analyst Upgrades and Downgrades

RLGT has been the subject of several recent analyst reports. TD Cowen reissued a “buy” rating on shares of Radiant Logistics in a report on Tuesday, February 10th. Lake Street Capital restated a “buy” rating and set a $9.00 price objective on shares of Radiant Logistics in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $9.00.

Radiant Logistics Stock Up 0.7%

Radiant Logistics stock opened at $6.85 on Friday. The business’s 50-day moving average price is $7.07 and its 200 day moving average price is $6.52. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm has a market cap of $320.79 million, a price-to-earnings ratio of 23.62 and a beta of 0.70. Radiant Logistics has a 52 week low of $5.44 and a 52 week high of $8.50.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.08. The company had revenue of $232.13 million during the quarter, compared to the consensus estimate of $242.08 million. Radiant Logistics had a return on equity of 11.05% and a net margin of 1.57%.

Institutional Trading of Radiant Logistics

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its position in Radiant Logistics by 82.5% during the fourth quarter. XTX Topco Ltd now owns 26,707 shares of the company’s stock valued at $169,000 after buying an additional 12,073 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Radiant Logistics in the fourth quarter worth about $115,000. Occudo Quantitative Strategies LP raised its position in shares of Radiant Logistics by 100.4% in the fourth quarter. Occudo Quantitative Strategies LP now owns 20,553 shares of the company’s stock worth $130,000 after acquiring an additional 10,295 shares during the period. Oxford Asset Management LLP purchased a new stake in shares of Radiant Logistics during the 4th quarter worth about $67,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Radiant Logistics during the 4th quarter worth about $82,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

About Radiant Logistics

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.