Radiant Logistics Sees Unusually High Options Volume (NYSEAMERICAN:RLGT)

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) saw unusually large options trading on Thursday. Stock traders bought 2,122 put options on the company. This represents an increase of 1,066% compared to the average volume of 182 put options.

Radiant Logistics Price Performance

Shares of Radiant Logistics stock traded down $0.06 on Thursday, hitting $6.74. 12,116 shares of the company traded hands, compared to its average volume of 164,651. Radiant Logistics has a 12-month low of $5.44 and a 12-month high of $8.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $315.63 million, a P/E ratio of 23.30 and a beta of 0.70. The firm’s 50-day simple moving average is $7.06 and its 200 day simple moving average is $6.52.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Monday, February 9th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.08. Radiant Logistics had a return on equity of 11.05% and a net margin of 1.57%.The business had revenue of $232.13 million for the quarter, compared to the consensus estimate of $242.08 million.

Institutional Trading of Radiant Logistics

Several hedge funds have recently added to or reduced their stakes in the business. Rothschild Wealth LLC purchased a new stake in Radiant Logistics during the 4th quarter valued at about $1,808,000. Russell Investments Group Ltd. boosted its holdings in shares of Radiant Logistics by 54.5% during the third quarter. Russell Investments Group Ltd. now owns 570,026 shares of the company’s stock worth $3,363,000 after purchasing an additional 200,994 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Radiant Logistics by 12.4% in the third quarter. Ameriprise Financial Inc. now owns 1,346,699 shares of the company’s stock worth $7,946,000 after purchasing an additional 148,381 shares during the last quarter. Royce & Associates LP increased its holdings in Radiant Logistics by 5.3% during the 4th quarter. Royce & Associates LP now owns 2,274,423 shares of the company’s stock valued at $14,397,000 after purchasing an additional 113,720 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Radiant Logistics in the 1st quarter worth approximately $587,000. 53.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen restated a “buy” rating on shares of Radiant Logistics in a research note on Tuesday, February 10th. Lake Street Capital reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Radiant Logistics in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $9.00.

About Radiant Logistics

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.