Radiant Logistics Inc (NYSEAMERICAN:RLGT) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,051,059 shares, an increase of 2.6% from the January 12th total of 1,024,382 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 149,092 shares, the short-interest ratio is currently 7.0 days.
Shares of Radiant Logistics (NYSEAMERICAN:RLGT) opened at $3.63 on Tuesday. Radiant Logistics has a twelve month low of $3.60 and a twelve month high of $6.65. The company has a market cap of $163.40, a P/E ratio of 61.83 and a beta of 0.56. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31.
Radiant Logistics (NYSEAMERICAN:RLGT) last announced its earnings results on Thursday, February 8th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $208.32 million. Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. equities research analysts predict that Radiant Logistics will post 0.27 EPS for the current year.
Separately, Zacks Investment Research cut shares of Radiant Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Radiant Logistics by 0.9% in the fourth quarter. BlackRock Inc. now owns 2,434,915 shares of the company’s stock worth $11,200,000 after purchasing an additional 21,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Radiant Logistics by 21.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,558,989 shares of the company’s stock worth $8,278,000 after purchasing an additional 270,753 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Radiant Logistics by 18.1% in the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock worth $7,528,000 after purchasing an additional 214,528 shares in the last quarter. 22NW LP boosted its position in shares of Radiant Logistics by 5.2% during the third quarter. 22NW LP now owns 1,212,664 shares of the company’s stock worth $6,439,000 after acquiring an additional 59,511 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Radiant Logistics by 129.9% during the second quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock worth $4,319,000 after acquiring an additional 453,611 shares during the last quarter. 39.47% of the stock is owned by hedge funds and other institutional investors.
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About Radiant Logistics
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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