Radiant Logistics (NYSEAMERICAN:RLGT) Announces Quarterly Earnings Results

Radiant Logistics (NYSEAMERICAN:RLGT) announced its quarterly earnings results on Monday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.08, FiscalAI reports. Radiant Logistics had a return on equity of 12.43% and a net margin of 1.64%.The firm had revenue of $232.13 million for the quarter, compared to analysts’ expectations of $242.08 million.

Radiant Logistics Trading Down 1.5%

Shares of NYSEAMERICAN:RLGT traded down $0.11 on Monday, reaching $7.04. 161,395 shares of the company traded hands, compared to its average volume of 123,757. The stock has a market capitalization of $329.68 million, a P/E ratio of 22.71 and a beta of 0.74. Radiant Logistics has a 52 week low of $5.44 and a 52 week high of $7.94. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $6.62 and its 200 day simple moving average is $6.29.

Institutional Trading of Radiant Logistics

Several institutional investors have recently made changes to their positions in RLGT. BNP Paribas Financial Markets grew its position in shares of Radiant Logistics by 45.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company’s stock worth $76,000 after buying an additional 4,001 shares during the last quarter. Boothbay Fund Management LLC grew its stake in Radiant Logistics by 33.3% during the 2nd quarter. Boothbay Fund Management LLC now owns 14,306 shares of the company’s stock valued at $87,000 after purchasing an additional 3,572 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Radiant Logistics in the first quarter valued at about $89,000. Algert Global LLC purchased a new position in shares of Radiant Logistics in the third quarter worth about $89,000. Finally, Walleye Capital LLC purchased a new stake in Radiant Logistics in the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Radiant Logistics Company Profile

Radiant Logistics, Inc, through its subsidiaries, is a third-party logistics (3PL) provider offering freight brokerage, managed transportation, contract logistics and supply chain solutions. The company arranges full-truckload (FTL), less-than-truckload (LTL), intermodal, ocean and air freight across multiple geographies. Radiant also provides customs brokerage, trade compliance services and warehousing support, serving industries such as manufacturing, retail, energy and automotive.

Founded in 2005 and headquartered in Green Bay, Wisconsin, Radiant Logistics has grown its network of client-facing offices throughout North America, with additional service centers in Europe and the Asia Pacific region.