Key Points
- CFO Todd Macomber sold 7,500 shares on March 31 at an average of $7.00 for $52,500, cutting his stake by 4.42% to 162,249 shares valued at about $1.14M.
- In the last reported quarter Radiant posted EPS of $0.17 versus $0.09 expected (beat) but revenue of $232.13M missed estimates; the stock trades near $7.27 with a market cap of $340.45M, a PE of 25.07 and a 12‑month range of $5.44–$8.50.
- Analysts maintain an average "Buy" rating with a $9.00 price target, and institutional investors own roughly 53.6% of the company following several recent small fund stakes.
Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) CFO Todd Macomber sold 7,500 shares of the business's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $7.00, for a total transaction of $52,500.00. Following the transaction, the chief financial officer owned 162,249 shares in the company, valued at $1,135,743. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Radiant Logistics Stock Up 1.1%
Shares of NYSEAMERICAN RLGT opened at $7.27 on Friday. The stock has a market cap of $340.45 million, a PE ratio of 25.07 and a beta of 0.70. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. Radiant Logistics, Inc. has a 12-month low of $5.44 and a 12-month high of $8.50. The company has a 50-day moving average of $7.14 and a 200 day moving average of $6.57.
Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) last released its earnings results on Monday, February 9th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.08. The business had revenue of $232.13 million for the quarter, compared to analyst estimates of $242.08 million. Radiant Logistics had a net margin of 1.57% and a return on equity of 11.05%.
Institutional Trading of Radiant Logistics
Hedge funds have recently made changes to their positions in the company. Oxford Asset Management LLP acquired a new stake in shares of Radiant Logistics during the 4th quarter worth approximately $67,000. BNP Paribas Financial Markets lifted its holdings in Radiant Logistics by 45.4% in the third quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company's stock valued at $76,000 after acquiring an additional 4,001 shares during the last quarter. Williams & Novak LLC purchased a new position in Radiant Logistics in the fourth quarter worth approximately $78,000. Schonfeld Strategic Advisors LLC acquired a new stake in Radiant Logistics during the fourth quarter worth $82,000. Finally, Boothbay Fund Management LLC increased its stake in Radiant Logistics by 33.3% during the second quarter. Boothbay Fund Management LLC now owns 14,306 shares of the company's stock worth $87,000 after acquiring an additional 3,572 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on RLGT. TD Cowen reissued a "buy" rating on shares of Radiant Logistics in a research note on Tuesday, February 10th. Lake Street Capital reaffirmed a "buy" rating and issued a $9.00 target price on shares of Radiant Logistics in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $9.00.
Check Out Our Latest Report on Radiant Logistics
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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