Radiant Logistics Inc (RLGT) CEO Acquires $127,512.50 in Stock
Radiant Logistics Inc (NYSE:RLGT) CEO Bohn H. Crain acquired 51,005 shares of the stock in a transaction on Tuesday, September 20th. The shares were acquired at an average price of $2.50 per share, with a total value of $127,512.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Radiant Logistics Inc (NYSE:RLGT) opened at 2.57 on Thursday. The firm’s market cap is $125.56 million. The stock has a 50 day moving average price of $2.99 and a 200 day moving average price of $3.33. Radiant Logistics Inc has a 12 month low of $2.45 and a 12 month high of $5.26.
Radiant Logistics (NYSE:RLGT) last released its quarterly earnings data on Tuesday, September 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The company earned $183.60 million during the quarter. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities analysts expect that Radiant Logistics Inc will post $0.18 earnings per share for the current fiscal year.
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Separately, TheStreet lowered Radiant Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Menta Capital LLC boosted its stake in Radiant Logistics by 0.8% in the first quarter. Menta Capital LLC now owns 42,997 shares of the company’s stock worth $153,000 after buying an additional 350 shares during the last quarter. Geode Capital Management LLC boosted its stake in Radiant Logistics by 1.7% in the first quarter. Geode Capital Management LLC now owns 180,033 shares of the company’s stock worth $642,000 after buying an additional 2,946 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Radiant Logistics by 17.3% in the second quarter. Teachers Advisors Inc. now owns 53,030 shares of the company’s stock worth $159,000 after buying an additional 7,817 shares during the last quarter. BB&T Securities LLC boosted its stake in Radiant Logistics by 14.8% in the second quarter. BB&T Securities LLC now owns 86,225 shares of the company’s stock worth $258,000 after buying an additional 11,142 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Radiant Logistics by 18.4% in the second quarter. California State Teachers Retirement System now owns 79,174 shares of the company’s stock worth $238,000 after buying an additional 12,321 shares during the last quarter.
Radiant Logistics Company Profile
Radiant Logistics, Inc is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents, as well as an integrated international service partner network located in other markets around the globe.
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