Todd Macomber Sells 11,868 Shares of Radiant Logistics (NYSEAMERICAN:RLGT) Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Todd Macomber sold 11,868 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.25, for a total transaction of $109,779.00. Following the transaction, the chief financial officer owned 87,249 shares in the company, valued at $807,053.25. The trade was a 11.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Todd Macomber also recently made the following trade(s):

• On Friday, June 12th, Todd Macomber sold 43 shares of Radiant Logistics stock. The stock was sold at an average price of $9.25, for a total transaction of $397.75.
• On Tuesday, March 31st, Todd Macomber sold 7,500 shares of Radiant Logistics stock. The stock was sold at an average price of $7.00, for a total transaction of $52,500.00.

Radiant Logistics Price Performance

Shares of RLGT stock traded down $0.08 during trading hours on Monday, reaching $9.12. 117,752 shares of the company were exchanged, compared to its average volume of 155,937. Radiant Logistics, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.45. The stock’s fifty day moving average is $8.29 and its two-hundred day moving average is $7.36. The company has a market cap of $427.09 million, a price-to-earnings ratio of 26.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.59 and a quick ratio of 1.59.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its earnings results on Monday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Radiant Logistics had a net margin of 1.81% and a return on equity of 10.19%. The company had revenue of $214.14 million for the quarter, compared to analyst estimates of $222.60 million.

Hedge Funds Weigh In On Radiant Logistics

Several large investors have recently bought and sold shares of the business. Royce & Associates LP lifted its holdings in Radiant Logistics by 5.3% in the fourth quarter. Royce & Associates LP now owns 2,274,423 shares of the company’s stock valued at $14,397,000 after buying an additional 113,720 shares during the period. Ameriprise Financial Inc. increased its stake in Radiant Logistics by 12.4% in the third quarter. Ameriprise Financial Inc. now owns 1,346,699 shares of the company’s stock valued at $7,946,000 after purchasing an additional 148,381 shares in the last quarter. Geode Capital Management LLC increased its stake in Radiant Logistics by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 834,390 shares of the company’s stock valued at $5,283,000 after purchasing an additional 24,150 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Radiant Logistics by 4.3% in the fourth quarter. Russell Investments Group Ltd. now owns 594,532 shares of the company’s stock valued at $3,763,000 after purchasing an additional 24,506 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Radiant Logistics by 24.2% in the second quarter. Bank of America Corp DE now owns 449,471 shares of the company’s stock valued at $2,733,000 after purchasing an additional 87,436 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their price objective on shares of Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Radiant Logistics currently has an average rating of “Buy” and an average price target of $12.00.

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.