Radiant Logistics Inc (NYSEAMERICAN:RLGT) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,147,927 shares, a decrease of 1.4% from the November 30th total of 1,164,324 shares. Based on an average daily trading volume, of 144,101 shares, the days-to-cover ratio is presently 8.0 days. Currently, 3.2% of the company’s stock are short sold.
Radiant Logistics (NYSEAMERICAN RLGT) opened at $4.57 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. Radiant Logistics has a 12 month low of $3.39 and a 12 month high of $6.65. The stock has a market cap of $228.30, a price-to-earnings ratio of 114.25 and a beta of 0.76.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share (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 company had revenue of $198.00 million during the quarter, compared to analyst estimates of $210.37 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business’s revenue 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.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Radiant Logistics by 21.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,558,989 shares of the company’s stock valued at $8,278,000 after acquiring an additional 270,753 shares in the last quarter. Vanguard Group Inc. boosted its stake in Radiant Logistics by 18.1% in the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after acquiring an additional 214,528 shares in the last quarter. 22NW LP boosted its stake in Radiant Logistics by 5.2% in the third quarter. 22NW LP now owns 1,212,664 shares of the company’s stock valued at $6,439,000 after acquiring an additional 59,511 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Radiant Logistics by 129.9% in the second quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock valued at $4,319,000 after acquiring an additional 453,611 shares in the last quarter. Finally, State Street Corp boosted its stake in Radiant Logistics by 11.1% in the second quarter. State Street Corp now owns 588,753 shares of the company’s stock valued at $3,167,000 after acquiring an additional 59,023 shares in the last quarter. 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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