Insider Selling: Radiant Logistics CEO Sells 56,125 Shares of Stock (RLGT)
Radiant Logistics (NASDAQ:RLGT) CEO Bohn H. Crain sold 56,125 shares of Radiant Logistics stock on the open market in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $3.06, for a total value of $171,742.50. Following the completion of the sale, the chief executive officer now directly owns 1,132,391 shares of the company’s stock, valued at approximately $3,465,116. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Radiant Logistics (NASDAQ:RLGT) remained flat at $3.05 during during mid-day trading trading on Tuesday. 55,062 shares of the company’s stock traded hands. Radiant Logistics has a 52-week low of $1.79 and a 52-week high of $3.50. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $2.78. The company has a market cap of $104.0 million and a P/E ratio of 23.64.
Radiant Logistics (NASDAQ:RLGT) last announced its earnings results on Wednesday, May 14th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $86.03 million for the quarter, compared to the consensus estimate of $81.33 million. Analysts expect that Radiant Logistics will post $0.12 EPS for the current fiscal year.
Radiant Logistics, Inc is a non-asset based logistics company providing domestic and international freight forwarding services through a network, which includes a combination of company owned and exclusive agent offices across North America.
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