Radiant Logistics (NYSEAMERICAN:RLGT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “

Separately, Cowen reiterated a “buy” rating and set a $7.00 price target on shares of Radiant Logistics in a research report on Thursday, September 7th.

Shares of Radiant Logistics (NYSEAMERICAN RLGT) opened at $4.76 on Tuesday. Radiant Logistics has a twelve month low of $3.39 and a twelve month high of $6.65. The firm has a market capitalization of $233.70, a P/E ratio of 17.24 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The business had revenue of $198.00 million during the quarter, compared to analysts’ expectations of $210.37 million. During the same period in the prior year, the firm posted $0.08 EPS. Radiant Logistics’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that Radiant Logistics will post 0.27 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Radiant Logistics by 33.5% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 44,200 shares of the company’s stock valued at $233,000 after buying an additional 11,100 shares during the period. 22NW LP grew its stake in shares of Radiant Logistics by 5.2% during the 3rd quarter. 22NW LP now owns 1,212,664 shares of the company’s stock valued at $6,439,000 after buying an additional 59,511 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Radiant Logistics by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,558,989 shares of the company’s stock valued at $8,278,000 after buying an additional 270,753 shares during the period. BB&T Securities LLC grew its stake in shares of Radiant Logistics by 30.3% during the 3rd quarter. BB&T Securities LLC now owns 61,096 shares of the company’s stock valued at $324,000 after buying an additional 14,200 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Radiant Logistics by 22.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 82,934 shares of the company’s stock valued at $441,000 after buying an additional 15,180 shares during the period. Institutional investors own 39.47% of the company’s stock.

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About Radiant Logistics

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

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