Radiant Logistics, Inc. $RLGT Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,274,423 shares of the company’s stock after buying an additional 113,720 shares during the quarter. Royce & Associates LP owned approximately 4.86% of Radiant Logistics worth $14,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RLGT. BNP Paribas Financial Markets grew its position in shares of Radiant Logistics by 45.4% during the third quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company’s stock worth $76,000 after buying an additional 4,001 shares in the last quarter. Williams & Novak LLC acquired a new stake in shares of Radiant Logistics during the fourth quarter worth approximately $78,000. Boothbay Fund Management LLC grew its position in shares of Radiant Logistics by 33.3% during the second quarter. Boothbay Fund Management LLC now owns 14,306 shares of the company’s stock worth $87,000 after buying an additional 3,572 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Radiant Logistics during the first quarter worth approximately $89,000. Finally, Algert Global LLC acquired a new stake in shares of Radiant Logistics during the third quarter worth approximately $89,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Radiant Logistics Stock Performance

Radiant Logistics stock opened at $8.43 on Wednesday. The company has a market cap of $394.78 million, a PE ratio of 24.79 and a beta of 0.82. The company has a fifty day moving average price of $7.83 and a two-hundred day moving average price of $7.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.59 and a quick ratio of 1.59. Radiant Logistics, Inc. has a 12 month low of $5.78 and a 12 month high of $8.73.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Monday, May 11th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $214.14 million during the quarter, compared to the consensus estimate of $222.60 million. Radiant Logistics had a net margin of 1.81% and a return on equity of 10.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RLGT. Lake Street Capital reissued a “buy” rating and set a $9.00 price target on shares of Radiant Logistics in a research report on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of Radiant Logistics in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.00.

Insider Transactions at Radiant Logistics

In other Radiant Logistics news, CFO Todd Macomber sold 7,500 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $7.00, for a total value of $52,500.00. Following the sale, the chief financial officer directly owned 162,249 shares in the company, valued at approximately $1,135,743. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 24.30% of the company’s stock.

About Radiant Logistics

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.