Key Points
- Radiant Logistics CFO Todd Macomber sold 11,868 shares on June 15 at an average price of $9.25, totaling about $109,779. After the sale, he still held 87,249 shares valued at roughly $807,053.
- The executive has made multiple recent sales, including 43 shares on June 12 and 7,500 shares on March 31, indicating a continuing reduction in his stake.
- Radiant Logistics reported mixed operating results and has analyst support: it beat EPS expectations in its latest quarter, and Lake Street Capital recently raised its price target to $12 with a Buy rating. The stock opened near its 52-week high, and institutional ownership remains significant at 53.59%.
Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) CFO Todd Macomber sold 11,868 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.25, for a total value of $109,779.00. Following the transaction, the chief financial officer owned 87,249 shares of the company's stock, valued at approximately $807,053.25. The trade was a 11.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Todd Macomber also recently made the following trade(s):
- On Friday, June 12th, Todd Macomber sold 43 shares of Radiant Logistics stock. The shares were sold at an average price of $9.25, for a total value of $397.75.
- On Tuesday, March 31st, Todd Macomber sold 7,500 shares of Radiant Logistics stock. The shares were sold at an average price of $7.00, for a total value of $52,500.00.
Radiant Logistics Price Performance
RLGT opened at $9.12 on Tuesday. The business has a fifty day moving average of $8.33 and a 200 day moving average of $7.38. Radiant Logistics, Inc. has a 52-week low of $5.78 and a 52-week high of $9.45. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.11. The stock has a market cap of $427.09 million, a P/E ratio of 26.82 and a beta of 0.82.
Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Radiant Logistics had a return on equity of 10.19% and a net margin of 1.81%.The company had revenue of $214.14 million during the quarter, compared to analysts' expectations of $222.60 million.
Analysts Set New Price Targets
Separately, Lake Street Capital boosted their price objective on Radiant Logistics from $10.00 to $12.00 and gave the company a "buy" rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $12.00.
View Our Latest Stock Analysis on RLGT
Institutional Investors Weigh In On Radiant Logistics
Hedge funds have recently made changes to their positions in the company. Oxford Asset Management LLP purchased a new stake in shares of Radiant Logistics in the 4th quarter worth $67,000. Ritholtz Wealth Management purchased a new stake in shares of Radiant Logistics in the 1st quarter worth $77,000. Williams & Novak LLC purchased a new stake in shares of Radiant Logistics in the 4th quarter worth $78,000. BNP Paribas Financial Markets lifted its stake in shares of Radiant Logistics by 45.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company's stock worth $76,000 after purchasing an additional 4,001 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Radiant Logistics during the 4th quarter worth $82,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.
Radiant Logistics Company Profile
(
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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