Radiant Logistics Inc (RLGT) Short Interest Update
Radiant Logistics Inc (NYSEAMERICAN:RLGT) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,208,380 shares, an increase of 3.5% from the October 13th total of 1,167,124 shares. Based on an average daily volume of 119,132 shares, the days-to-cover ratio is currently 10.1 days. Approximately 3.4% of the shares of the stock are sold short.
Several research firms recently commented on RLGT. Zacks Investment Research cut Radiant Logistics from a “hold” rating to a “sell” rating in a report on Wednesday. Cowen and Company reaffirmed a “buy” rating and issued a $7.00 price target on shares of Radiant Logistics in a report on Thursday, September 7th.
A number of institutional investors have recently modified their holdings of RLGT. Russell Investments Group Ltd. grew its position in Radiant Logistics by 2.6% in the second quarter. Russell Investments Group Ltd. now owns 122,292 shares of the company’s stock worth $659,000 after acquiring an additional 3,105 shares during the period. Strs Ohio boosted its position in shares of Radiant Logistics by 173.1% during the second quarter. Strs Ohio now owns 118,000 shares of the company’s stock worth $634,000 after buying an additional 74,800 shares during the period. Eagle Global Advisors LLC boosted its position in shares of Radiant Logistics by 180.0% during the second quarter. Eagle Global Advisors LLC now owns 56,330 shares of the company’s stock worth $303,000 after buying an additional 36,210 shares during the period. Spark Investment Management LLC purchased a new position in shares of Radiant Logistics during the second quarter worth $383,000. Finally, Rhumbline Advisers boosted its position in shares of Radiant Logistics by 18.8% during the second quarter. Rhumbline Advisers now owns 38,377 shares of the company’s stock worth $206,000 after buying an additional 6,080 shares during the period. Institutional investors own 39.47% of the company’s stock.
Shares of Radiant Logistics (NYSEAMERICAN:RLGT) opened at $4.61 on Friday. The company has a market capitalization of $254.40, a P/E ratio of 17.24 and a beta of 0.80. Radiant Logistics has a fifty-two week low of $3.30 and a fifty-two week high of $6.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18.
Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $198.00 million during the quarter, compared to analysts’ expectations of $210.37 million. Radiant Logistics had a return on equity of 12.51% and a net margin of 0.49%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. research analysts forecast that Radiant Logistics will post 0.27 EPS for the current year.
Radiant Logistics Company Profile
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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