Radiant Logistics (NYSEAMERICAN:RLGT) Now Covered by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of Radiant Logistics (NYSEAMERICAN:RLGT) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a market perform rating on the stock.

Several other research analysts also recently commented on RLGT. Citigroup began coverage on shares of Radiant Logistics in a research note on Wednesday. They set a “market perform” rating on the stock. Lake Street Capital increased their target price on shares of Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Radiant Logistics Stock Performance

NYSEAMERICAN:RLGT opened at $9.33 on Wednesday. The stock has a market cap of $436.92 million, a P/E ratio of 27.44 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $8.86 and its two-hundred day moving average price is $7.81. Radiant Logistics has a twelve month low of $5.78 and a twelve month high of $9.68.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $214.13 million for the quarter, compared to analyst estimates of $222.60 million. Radiant Logistics had a return on equity of 10.19% and a net margin of 1.81%.

Insider Buying and Selling at Radiant Logistics

In other news, CFO Todd Macomber sold 11,868 shares of Radiant Logistics stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.25, for a total value of $109,779.00. Following the sale, the chief financial officer directly owned 87,249 shares in the company, valued at approximately $807,053.25. This trade represents a 11.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.30% of the company’s stock.

Institutional Trading of Radiant Logistics

Several large investors have recently added to or reduced their stakes in the stock. Rothschild Wealth LLC purchased a new position in Radiant Logistics during the fourth quarter valued at approximately $1,808,000. North Star Investment Management Corp. purchased a new stake in shares of Radiant Logistics in the first quarter worth $1,657,000. Russell Investments Group Ltd. raised its position in shares of Radiant Logistics by 54.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 570,026 shares of the company’s stock valued at $3,363,000 after purchasing an additional 200,994 shares during the period. Ameriprise Financial Inc. raised its position in shares of Radiant Logistics by 12.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,346,699 shares of the company’s stock valued at $7,946,000 after purchasing an additional 148,381 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Radiant Logistics during the 1st quarter valued at $943,000. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Company Profile

Radiant Logistics, Inc, through its subsidiaries, is a third-party logistics (3PL) provider offering freight brokerage, managed transportation, contract logistics and supply chain solutions. The company arranges full-truckload (FTL), less-than-truckload (LTL), intermodal, ocean and air freight across multiple geographies. Radiant also provides customs brokerage, trade compliance services and warehousing support, serving industries such as manufacturing, retail, energy and automotive.

Founded in 2005 and headquartered in Green Bay, Wisconsin, Radiant Logistics has grown its network of client-facing offices throughout North America, with additional service centers in Europe and the Asia Pacific region.