Radiant Logistics (NYSEAMERICAN:RLGT) Raised to “Buy” at StockNews.com

Radiant Logistics (NYSEAMERICAN:RLGT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Radiant Logistics Stock Up 0.4 %

Shares of NYSEAMERICAN:RLGT opened at $5.14 on Thursday. The company has a market capitalization of $241.17 million, a PE ratio of 24.48 and a beta of 0.80. Radiant Logistics has a 12 month low of $4.84 and a 12 month high of $7.76.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $201.08 million for the quarter. Radiant Logistics had a return on equity of 12.94% and a net margin of 1.23%.

Insider Transactions at Radiant Logistics

In other Radiant Logistics news, insider Arnold Goldstein sold 12,404 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $5.53, for a total value of $68,594.12. Following the sale, the insider now owns 10,584 shares in the company, valued at approximately $58,529.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 24.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Radiant Logistics

Several institutional investors and hedge funds have recently made changes to their positions in RLGT. Tower Research Capital LLC TRC raised its holdings in shares of Radiant Logistics by 33.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,223 shares of the company’s stock valued at $55,000 after purchasing an additional 2,043 shares during the period. Strs Ohio raised its stake in Radiant Logistics by 2.9% during the 4th quarter. Strs Ohio now owns 85,000 shares of the company’s stock worth $564,000 after buying an additional 2,400 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Radiant Logistics by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock worth $198,000 after acquiring an additional 2,699 shares in the last quarter. SG Americas Securities LLC grew its stake in Radiant Logistics by 16.7% in the fourth quarter. SG Americas Securities LLC now owns 19,919 shares of the company’s stock valued at $132,000 after acquiring an additional 2,853 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Radiant Logistics by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 148,599 shares of the company’s stock valued at $840,000 after acquiring an additional 2,935 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

About Radiant Logistics

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.