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.

Separately, Zacks Investment Research upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Wednesday, January 24th.

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.

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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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