Radiant Logistics Inc (NYSEAMERICAN:RLGT) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,164,324 shares, a decline of 2.9% from the November 15th total of 1,198,801 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily trading volume, of 121,914 shares, the short-interest ratio is presently 9.6 days.
Shares of Radiant Logistics (NYSEAMERICAN RLGT) opened at $4.57 on Wednesday. The firm has a market cap of $223.39, a P/E ratio of 17.24 and a beta of 0.76. Radiant Logistics has a 12-month low of $3.39 and a 12-month high of $6.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 1.18.
Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.05 EPS for the quarter, missing the 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 for the quarter, compared to analyst estimates of $210.37 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. equities analysts expect that Radiant Logistics will post 0.27 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP acquired a new stake in Radiant Logistics during the 3rd quarter valued at approximately $141,000. Voya Investment Management LLC lifted its stake in Radiant Logistics by 15.3% during the 2nd quarter. Voya Investment Management LLC now owns 27,418 shares of the company’s stock valued at $148,000 after acquiring an additional 3,640 shares during the period. Prudential Financial Inc. acquired a new stake in Radiant Logistics during the 2nd quarter valued at approximately $153,000. The Manufacturers Life Insurance Company lifted its stake in Radiant Logistics by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,970 shares of the company’s stock valued at $172,000 after acquiring an additional 489 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Radiant Logistics in the 2nd quarter valued at $178,000. Institutional investors and hedge funds own 39.47% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/13/radiant-logistics-inc-rlgt-short-interest-update.html.
Radiant Logistics Company Profile
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.
Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.