Radiant Logistics (NYSEAMERICAN:RLGT – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Radiant Logistics Price Performance
Shares of NYSEAMERICAN RLGT opened at $4.98 on Tuesday. Radiant Logistics has a 12 month low of $4.95 and a 12 month high of $7.76. The firm has a market capitalization of $233.66 million, a price-to-earnings ratio of 23.72 and a beta of 0.79.
Radiant Logistics (NYSEAMERICAN:RLGT – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.11 EPS for the quarter. Radiant Logistics had a net margin of 1.23% and a return on equity of 12.94%. The firm had revenue of $201.08 million during the quarter.
Insider Buying and Selling
Hedge Funds Weigh In On Radiant Logistics
Institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Radiant Logistics in the 1st quarter valued at $36,000. Tower Research Capital LLC TRC boosted its stake in shares of Radiant Logistics by 33.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,223 shares of the company’s stock worth $55,000 after buying an additional 2,043 shares during the last quarter. Shay Capital LLC acquired a new stake in Radiant Logistics during the first quarter worth about $64,000. Citigroup Inc. raised its position in Radiant Logistics by 370,333.3% during the second quarter. Citigroup Inc. now owns 11,113 shares of the company’s stock valued at $75,000 after acquiring an additional 11,110 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Radiant Logistics during the fourth quarter valued at approximately $57,000. 53.59% of the stock is owned by hedge funds and other institutional investors.
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.
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