Radiant Logistics Inc (NYSEAMERICAN:RLGT) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 1,198,801 shares, a decline of 0.8% from the October 31st total of 1,208,380 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average trading volume of 186,575 shares, the days-to-cover ratio is presently 6.4 days.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Radiant Logistics from a “sell” rating to a “hold” rating in a research report on Thursday, October 19th. Cowen reaffirmed a “buy” rating and issued a $7.00 target price on shares of Radiant Logistics in a research report on Thursday, September 7th.
Hedge funds have recently bought and sold shares of the business. First Trust Advisors LP acquired a new stake in Radiant Logistics during the 3rd quarter valued at $141,000. Voya Investment Management LLC lifted its holdings in Radiant Logistics by 15.3% during the second quarter. Voya Investment Management LLC now owns 27,418 shares of the company’s stock worth $148,000 after acquiring an additional 3,640 shares in the last quarter. Prudential Financial Inc. bought a new position in Radiant Logistics during the second quarter worth about $153,000. The Manufacturers Life Insurance Company lifted its holdings in Radiant Logistics by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 31,970 shares of the company’s stock worth $172,000 after acquiring an additional 489 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Radiant Logistics during the second quarter worth about $178,000. Institutional investors own 39.47% of the company’s stock.
Radiant Logistics (NYSEAMERICAN:RLGT) opened at $4.81 on Friday. Radiant Logistics has a 1 year low of $3.39 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $224.37, a PE ratio of 17.24 and a beta of 0.80.
Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). Radiant Logistics had a return on equity of 1.03% and a net margin of 0.45%. The business had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $210.37 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. equities research analysts forecast that Radiant Logistics will post 0.27 EPS for the current fiscal year.
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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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