StockNews.com downgraded shares of Radiant Logistics (NYSEAMERICAN:RLGT – Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
Radiant Logistics Price Performance
Shares of NYSEAMERICAN RLGT opened at $4.93 on Tuesday. The firm has a market cap of $231.32 million, a price-to-earnings ratio of 23.48 and a beta of 0.79. Radiant Logistics has a twelve month low of $4.89 and a twelve month high of $7.76.
Radiant Logistics (NYSEAMERICAN:RLGT – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.11 earnings per share (EPS) for the quarter. Radiant Logistics had a return on equity of 12.94% and a net margin of 1.23%. The business had revenue of $201.08 million for the quarter.
Insider Activity
Institutional Trading of Radiant Logistics
Several large investors have recently added to or reduced their stakes in RLGT. Covestor Ltd acquired a new position in Radiant Logistics in the 1st quarter worth about $36,000. Tower Research Capital LLC TRC increased its stake in Radiant Logistics by 33.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,223 shares of the company’s stock worth $55,000 after buying an additional 2,043 shares in the last quarter. American Century Companies Inc. purchased a new stake in Radiant Logistics during the 4th quarter worth approximately $57,000. Shay Capital LLC purchased a new stake in Radiant Logistics during the 1st quarter worth approximately $64,000. Finally, UBS Group AG purchased a new stake in Radiant Logistics during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.
Radiant Logistics Company Profile
Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.
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