Radiant Logistics Inc (RLGT) Short Interest Update
Radiant Logistics Inc (NYSEAMERICAN:RLGT) was the recipient of a significant increase in short interest in 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. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 149,092 shares, the days-to-cover ratio is currently 7.0 days.
Radiant Logistics (NYSEAMERICAN RLGT) opened at $3.87 on Friday. The firm has a market cap of $227.81, a P/E ratio of 96.75 and a beta of 0.56. Radiant Logistics has a 1-year low of $3.86 and a 1-year high of $6.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company 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 business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. sell-side analysts expect that Radiant Logistics will post 0.27 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position 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. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Radiant Logistics in the fourth quarter worth $292,000. Cadence Capital Management LLC lifted its position in shares of Radiant Logistics by 88.3% in the fourth quarter. Cadence Capital Management LLC now owns 296,057 shares of the company’s stock worth $1,362,000 after purchasing an additional 138,845 shares in the last quarter. Monument Capital Management bought a new stake in shares of Radiant Logistics in the fourth quarter worth $547,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Radiant Logistics in the fourth quarter worth $138,000. Institutional investors own 39.47% of the company’s stock.
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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