Radiant Logistics Inc (RLGT) Short Interest Update

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.

RLGT has been the topic of a number of analyst reports. Cowen reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Radiant Logistics in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Radiant Logistics from a “hold” rating to a “sell” rating in a research report on Saturday, September 16th.

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.

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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.

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