Several other hedge funds and other institutional investors have also made changes to their positions in RLGT. Russell Investments Group Ltd. purchased a new stake in shares of Radiant Logistics during the fourth quarter worth $453,000. Penn Capital Management Co. Inc. increased its stake in shares of Radiant Logistics by 38.1% in the third quarter. Penn Capital Management Co. Inc. now owns 1,139,273 shares of the company’s stock worth $3,236,000 after buying an additional 314,150 shares during the period. Drill Craig A increased its stake in shares of Radiant Logistics by 15.7% in the third quarter. Drill Craig A now owns 397,100 shares of the company’s stock worth $1,128,000 after buying an additional 53,900 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Radiant Logistics by 339.1% in the third quarter. Acrospire Investment Management LLC now owns 56,828 shares of the company’s stock worth $161,000 after buying an additional 43,886 shares during the period. Finally, JBF Capital Inc. increased its stake in shares of Radiant Logistics by 332.9% in the third quarter. JBF Capital Inc. now owns 36,410 shares of the company’s stock worth $103,000 after buying an additional 28,000 shares during the period.
Cadence Capital Management LLC raised its position in Radiant Logistics Inc (NYSE:RLGT) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 218,865 shares of the company’s stock after buying an additional 5,559 shares during the period. Cadence Capital Management LLC owned 0.45% of Radiant Logistics worth $854,000 as of its most recent filing with the SEC.
Shares of Radiant Logistics Inc (NYSE:RLGT) traded up 6.6477% during trading on Monday, reaching $5.0551. 675,413 shares of the company traded hands. The firm’s 50-day moving average is $3.86 and its 200-day moving average is $3.27. Radiant Logistics Inc has a 12-month low of $2.45 and a 12-month high of $5.12. The stock has a market capitalization of $245.35 million and a PE ratio of 421.2583.
Radiant Logistics (NYSE:RLGT) last posted its earnings results on Wednesday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The company had revenue of $198.88 million for the quarter, compared to the consensus estimate of $189.49 million. Radiant Logistics’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. On average, equities analysts predict that Radiant Logistics Inc will post $0.24 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Radiant Logistics from a “hold” rating to a “strong-buy” rating and set a $5.00 price target for the company in a report on Saturday. Cowen and Company upped their price target on shares of Radiant Logistics from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Friday. Finally, TheStreet raised shares of Radiant Logistics from a “sell” rating to a “hold” rating in a report on Monday, November 21st.
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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