Rice Hall James & Associates LLC lowered its stake in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 284,133 shares of the company’s stock after selling 10,112 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.57% of Radiant Logistics worth $1,790,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dupont Capital Management Corp bought a new position in Radiant Logistics during the first quarter valued at about $694,000. BNP Paribas Arbitrage SA grew its position in Radiant Logistics by 508.7% during the first quarter. BNP Paribas Arbitrage SA now owns 8,114 shares of the company’s stock valued at $51,000 after buying an additional 6,781 shares during the period. Bailard Inc. bought a new position in Radiant Logistics during the first quarter valued at about $173,000. Avalon Advisors LLC bought a new position in Radiant Logistics during the first quarter valued at about $1,730,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Radiant Logistics during the first quarter worth about $126,000. Institutional investors own 39.47% of the company’s stock.
A number of brokerages have weighed in on RLGT. Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Cowen reiterated a “buy” rating and set a $7.00 target price on shares of Radiant Logistics in a research report on Monday, May 13th. TheStreet raised shares of Radiant Logistics from a “c+” rating to a “b” rating in a report on Monday, March 4th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Radiant Logistics in a report on Monday, February 4th. Four research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $7.75.
Shares of Radiant Logistics stock traded down $0.10 on Wednesday, reaching $6.55. The stock had a trading volume of 234,300 shares, compared to its average volume of 402,172. Radiant Logistics Inc has a 1 year low of $3.83 and a 1 year high of $7.33.
Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $206.05 million during the quarter, compared to analysts’ expectations of $234.84 million.
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Radiant Logistics Profile
Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
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