Wasatch Advisors Inc. lowered its stake in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 20.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 456,725 shares of the company’s stock after selling 115,715 shares during the quarter. Wasatch Advisors Inc. owned 0.93% of Radiant Logistics worth $2,101,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Teachers Advisors LLC increased its stake in shares of Radiant Logistics by 46.5% during the second quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock valued at $1,409,000 after buying an additional 83,192 shares during the period. Nationwide Fund Advisors increased its stake in shares of Radiant Logistics by 337.5% during the second quarter. Nationwide Fund Advisors now owns 200,809 shares of the company’s stock valued at $1,080,000 after buying an additional 154,906 shares during the period. Vanguard Group Inc. increased its stake in shares of Radiant Logistics by 18.1% during the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after buying an additional 214,528 shares during the period. 22NW LP increased its stake in shares of Radiant Logistics by 5.2% during the third quarter. 22NW LP now owns 1,212,664 shares of the company’s stock valued at $6,439,000 after buying an additional 59,511 shares during the period. Finally, State Street Corp increased its stake in shares of Radiant Logistics by 11.1% during the second quarter. State Street Corp now owns 588,753 shares of the company’s stock valued at $3,167,000 after buying an additional 59,023 shares during the period. Hedge funds and other institutional investors own 39.47% of the company’s stock.
Separately, Zacks Investment Research raised Radiant Logistics from a “sell” rating to a “hold” rating in a research note on Thursday, October 19th.
Radiant Logistics (NYSEAMERICAN:RLGT) last posted its earnings results on Thursday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $210.37 million. During the same period last year, the firm posted $0.08 earnings per share. Radiant Logistics’s quarterly revenue was up 1.5% on a year-over-year basis. sell-side analysts anticipate that Radiant Logistics Inc will post 0.27 EPS for the current fiscal year.
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Radiant Logistics 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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