Arnold Goldstein Sells 17,941 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) insider Arnold Goldstein sold 17,941 shares of the business’s stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $6.56, for a total transaction of $117,692.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of RLGT stock traded up $0.06 during trading hours on Monday, reaching $6.62. 249,085 shares of the stock were exchanged, compared to its average volume of 194,617. Radiant Logistics, Inc. has a 12-month low of $4.99 and a 12-month high of $8.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50-day moving average is $5.91. The company has a market cap of $330.46 million, a price-to-earnings ratio of 15.05 and a beta of 1.45.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Wednesday, September 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Radiant Logistics had a net margin of 2.58% and a return on equity of 23.72%. During the same quarter in the previous year, the firm earned $0.18 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of RLGT. Lazard Asset Management LLC acquired a new position in Radiant Logistics during the 1st quarter valued at approximately $70,000. Algert Global LLC purchased a new stake in shares of Radiant Logistics in the 2nd quarter valued at $75,000. UBS Group AG boosted its holdings in Radiant Logistics by 61.4% during the first quarter. UBS Group AG now owns 11,401 shares of the company’s stock worth $79,000 after buying an additional 4,339 shares in the last quarter. Jump Financial LLC purchased a new stake in Radiant Logistics during the second quarter worth $94,000. Finally, Metropolitan Life Insurance Co NY purchased a new stake in Radiant Logistics during the first quarter worth $85,000. Hedge funds and other institutional investors own 54.70% of the company’s stock.

About Radiant Logistics

Radiant Logistics, Inc is a third-party logistics and multimodal transportation services company. It offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload (LTL) services, and intermodal services. It operates through the geographical segments: United States, Canada, and Corporate.

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