Radiant Logistics (NYSEAMERICAN:RLGT) Cut to Buy at StockNews.com

StockNews.com cut shares of Radiant Logistics (NYSEAMERICAN:RLGT) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT opened at $5.80 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. Radiant Logistics has a 1-year low of $4.83 and a 1-year high of $7.94. The firm has a market capitalization of $272.66 million, a P/E ratio of 20.72 and a beta of 0.87. The business’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.69.

Insider Buying and Selling

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the transaction, the chief financial officer now owns 181,704 shares in the company, valued at $1,377,316.32. The trade was a 14.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 24.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radiant Logistics

A number of institutional investors have recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new stake in shares of Radiant Logistics in the 4th quarter worth about $67,000. ProShare Advisors LLC acquired a new position in Radiant Logistics in the fourth quarter worth about $67,000. Price T Rowe Associates Inc. MD increased its holdings in Radiant Logistics by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after buying an additional 2,201 shares during the last quarter. SG Americas Securities LLC raised its stake in Radiant Logistics by 20.2% during the fourth quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after buying an additional 2,492 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Radiant Logistics by 103.8% during the 4th quarter. MetLife Investment Management LLC now owns 22,047 shares of the company’s stock worth $148,000 after buying an additional 11,227 shares during the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

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.