Radiant Logistics Inc (NYSEAMERICAN:RLGT) Sees Significant Increase in Short Interest

Quantum Capital Management purchased a new stake in shares of Radiant Logistics in the first quarter valued at approximately $1,674,000. Finally …

Radiant Logistics logoRadiant Logistics Inc (NYSEAMERICAN:RLGT) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 2,043,600 shares, a growth of 8.3% from the June 15th total of 1,886,200 shares. Based on an average trading volume of 373,300 shares, the short-interest ratio is currently 5.5 days. Approximately 5.7% of the company’s stock are short sold.

Shares of RLGT stock opened at $4.92 on Tuesday. Radiant Logistics has a twelve month low of $4.02 and a twelve month high of $7.33.

A number of research analysts recently issued reports on RLGT shares. Zacks Investment Research downgraded Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Cowen restated a “buy” rating and set a $7.00 price target on shares of Radiant Logistics in a research note on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $7.42.

In other news, COO E Joseph Bento sold 9,779 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $6.53, for a total transaction of $63,856.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of Radiant Logistics by 191.2% in the second quarter. Russell Investments Group Ltd. now owns 1,807,974 shares of the company’s stock valued at $11,099,000 after buying an additional 1,187,090 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Radiant Logistics by 258.9% in the second quarter. Ancora Advisors LLC now owns 617,344 shares of the company’s stock valued at $3,790,000 after buying an additional 445,339 shares in the last quarter. Avalon Advisors LLC purchased a new stake in shares of Radiant Logistics in the first quarter valued at approximately $1,730,000. Quantum Capital Management purchased a new stake in shares of Radiant Logistics in the first quarter valued at approximately $1,674,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Radiant Logistics by 89.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 493,488 shares of the company’s stock valued at $3,031,000 after buying an additional 232,855 shares in the last quarter. Institutional investors own 39.47% of the company’s stock.

Radiant Logistics Company 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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Radiant Logistics Inc (NYSEAMERICAN:RLGT) Shares Acquired by Scout Investments Inc.

Avalon Advisors LLC purchased a new position in Radiant Logistics in the first quarter worth about $1,730,000. Quantum Capital Management bought …

Radiant Logistics logoScout Investments Inc. boosted its holdings in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 65.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,288 shares of the company’s stock after acquiring an additional 218,705 shares during the period. Scout Investments Inc. owned 1.12% of Radiant Logistics worth $3,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RLGT. Avalon Advisors LLC purchased a new position in Radiant Logistics in the first quarter worth about $1,730,000. Quantum Capital Management bought a new stake in shares of Radiant Logistics in the first quarter worth approximately $1,674,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Radiant Logistics in the fourth quarter worth approximately $862,000. AJO LP grew its stake in shares of Radiant Logistics by 72.8% in the first quarter. AJO LP now owns 474,896 shares of the company’s stock worth $2,992,000 after acquiring an additional 200,142 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Radiant Logistics by 5.6% in the fourth quarter. BlackRock Inc. now owns 2,513,781 shares of the company’s stock worth $10,684,000 after acquiring an additional 133,618 shares during the period. 39.47% of the stock is owned by institutional investors.

RLGT stock opened at $4.85 on Friday. Radiant Logistics Inc has a one year low of $4.01 and a one year high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $206.05 million during the quarter, compared to analysts’ expectations of $234.84 million.

Several brokerages recently issued reports on RLGT. Cowen restated a “buy” rating and set a $7.00 target price on shares of Radiant Logistics in a research report on Monday, May 13th. Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Radiant Logistics presently has a consensus rating of “Buy” and a consensus price target of $7.42.

In other Radiant Logistics news, COO E Joseph Bento sold 9,779 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $6.53, for a total transaction of $63,856.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.30% of the stock is owned by corporate insiders.

About Radiant Logistics

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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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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Radiant Logistics Inc (NYSEAMERICAN:RLGT) Shares Purchased by Scout Investments Inc.

Quantum Capital Management bought a new stake in Radiant Logistics during the 1st quarter worth approximately $1,674,000. Municipal Employees …

Radiant Logistics logoScout Investments Inc. increased its position in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 65.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 553,288 shares of the company’s stock after purchasing an additional 218,705 shares during the quarter. Scout Investments Inc. owned approximately 1.12% of Radiant Logistics worth $3,397,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Avalon Advisors LLC purchased a new stake in shares of Radiant Logistics during the 1st quarter valued at approximately $1,730,000. Quantum Capital Management bought a new stake in Radiant Logistics during the 1st quarter worth approximately $1,674,000. Municipal Employees Retirement System of Michigan bought a new stake in Radiant Logistics during the 4th quarter worth approximately $862,000. AJO LP increased its holdings in Radiant Logistics by 72.8% during the 1st quarter. AJO LP now owns 474,896 shares of the company’s stock worth $2,992,000 after acquiring an additional 200,142 shares during the period. Finally, BlackRock Inc. increased its holdings in Radiant Logistics by 5.6% during the 4th quarter. BlackRock Inc. now owns 2,513,781 shares of the company’s stock worth $10,684,000 after acquiring an additional 133,618 shares during the period. Institutional investors and hedge funds own 39.47% of the company’s stock.

In other Radiant Logistics news, COO E Joseph Bento sold 9,779 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $6.53, for a total transaction of $63,856.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.30% of the company’s stock.

RLGT stock opened at $4.85 on Friday. Radiant Logistics Inc has a 52 week low of $4.01 and a 52 week high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $206.05 million for the quarter, compared to the consensus estimate of $234.84 million.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Cowen reissued a “buy” rating and issued a $7.00 price target on shares of Radiant Logistics in a report on Monday, May 13th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $7.42.

Radiant Logistics Company 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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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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WINTON GROUP Ltd Makes New $130000 Investment in Radiant Logistics Inc (NYSEAMERICAN …

WINTON GROUP Ltd bought a new position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) during the 2nd quarter, according to the company in its …

Radiant Logistics logoWINTON GROUP Ltd bought a new position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,162 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in Radiant Logistics by 508.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,114 shares of the company’s stock worth $51,000 after acquiring an additional 6,781 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Radiant Logistics in the 1st quarter valued at about $85,000. MetLife Investment Advisors LLC bought a new position in shares of Radiant Logistics in the 1st quarter valued at about $119,000. Virtu Financial LLC boosted its stake in shares of Radiant Logistics by 40.7% in the 1st quarter. Virtu Financial LLC now owns 19,947 shares of the company’s stock valued at $126,000 after purchasing an additional 5,768 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Radiant Logistics in the 1st quarter valued at about $126,000. 39.47% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday. Cowen restated a “buy” rating on shares of Alector in a report on Monday, May 13th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $7.42.

In related news, COO E Joseph Bento sold 9,779 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $6.53, for a total value of $63,856.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.30% of the company’s stock.

Shares of RLGT traded up $0.09 during midday trading on Tuesday, reaching $5.46. 9,048 shares of the stock were exchanged, compared to its average volume of 386,569. Radiant Logistics Inc has a twelve month low of $3.93 and a twelve month high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $206.05 million during the quarter, compared to analyst estimates of $234.84 million.

Radiant Logistics Company 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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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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O Shaughnessy Asset Management LLC Increases Holdings in Radiant Logistics Inc …

Quantum Capital Management bought a new stake in Radiant Logistics in the 1st quarter worth about $1,674,000. Wedge Capital Management L L P …

Radiant Logistics logoO Shaughnessy Asset Management LLC boosted its position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,718 shares of the company’s stock after acquiring an additional 24,425 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.17% of Radiant Logistics worth $513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Avalon Advisors LLC bought a new stake in shares of Radiant Logistics during the first quarter worth about $1,730,000. Quantum Capital Management bought a new stake in Radiant Logistics in the 1st quarter worth about $1,674,000. Wedge Capital Management L L P NC bought a new stake in Radiant Logistics in the 4th quarter worth about $869,000. BlackRock Inc. grew its position in Radiant Logistics by 8.1% in the 1st quarter. BlackRock Inc. now owns 2,716,923 shares of the company’s stock worth $17,116,000 after purchasing an additional 203,142 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Radiant Logistics in the 4th quarter worth about $862,000. 39.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO E Joseph Bento sold 9,779 shares of Radiant Logistics stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $6.53, for a total transaction of $63,856.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.30% of the company’s stock.

RLGT has been the topic of a number of recent research reports. TheStreet upgraded shares of Radiant Logistics from a “c+” rating to a “b” rating in a research note on Monday, March 4th. Cowen reiterated a “buy” rating and issued a $7.00 target price on shares of Radiant Logistics in a research note on Monday, May 13th. Finally, Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Four research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $7.75.

Shares of RLGT opened at $6.74 on Thursday. Radiant Logistics Inc has a twelve month low of $3.83 and a twelve month 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The firm had revenue of $206.05 million for 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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Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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