Radiant Logistics (RLGT) Shares Up 5.7%

Shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) shot up 5.7% during trading on Monday . The stock traded as high as $7.09 and last traded at $7.00. 1,670,754 shares traded hands during mid-day trading, an increase of 327% from the average session volume of 391,220 shares. The stock had previously closed at $6.62.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Global Securities restated a “buy” rating on shares of Radiant Logistics in a research report on Monday, February 4th. Finally, TheStreet cut shares of Radiant Logistics from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Monday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $260.94 million during the quarter, compared to analysts’ expectations of $232.02 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Radiant Logistics by 5.6% during the fourth quarter. BlackRock Inc. now owns 2,513,781 shares of the company’s stock valued at $10,684,000 after buying an additional 133,618 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Radiant Logistics by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,062,334 shares of the company’s stock worth $8,765,000 after purchasing an additional 17,153 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Radiant Logistics by 4.6% in the third quarter. Vanguard Group Inc. now owns 1,614,859 shares of the company’s stock worth $9,544,000 after purchasing an additional 71,357 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Radiant Logistics by 4.6% in the third quarter. Vanguard Group Inc now owns 1,614,859 shares of the company’s stock worth $9,544,000 after purchasing an additional 71,357 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Radiant Logistics by 3.1% in the fourth quarter. Northern Trust Corp now owns 406,861 shares of the company’s stock worth $1,729,000 after purchasing an additional 12,178 shares in the last quarter. 39.47% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by PressOracle and is owned by of PressOracle. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://pressoracle.com/news/2019/04/17/radiant-logistics-rlgt-shares-up-5-7.html.

Radiant Logistics Company Profile (NYSEAMERICAN:RLGT)

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.

Further Reading: Strangles

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.