Insider Selling: Radiant Logistics (NYSEAMERICAN:RLGT) CFO Sells 11,868 Shares of Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) CFO Todd Macomber sold 11,868 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.25, for a total transaction of $109,779.00. Following the transaction, the chief financial officer directly owned 87,249 shares of the company’s stock, valued at approximately $807,053.25. This represents a 11.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Todd Macomber also recently made the following trade(s):

• On Friday, June 12th, Todd Macomber sold 43 shares of Radiant Logistics stock. The stock was sold at an average price of $9.25, for a total transaction of $397.75.
• On Tuesday, March 31st, Todd Macomber sold 7,500 shares of Radiant Logistics stock. The stock was sold at an average price of $7.00, for a total transaction of $52,500.00.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN:RLGT traded down $0.08 on Monday, hitting $9.12. 117,752 shares of the company were exchanged, compared to its average volume of 155,937. The company’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $7.36. Radiant Logistics, Inc. has a one year low of $5.78 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $427.09 million, a price-to-earnings ratio of 26.82 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their price objective on shares of Radiant Logistics from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Radiant Logistics presently has an average rating of “Buy” and a consensus price target of $12.00.

Institutional Trading of Radiant Logistics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oxford Asset Management LLP acquired a new position in Radiant Logistics in the fourth quarter valued at about $67,000. BNP Paribas Financial Markets boosted its position in Radiant Logistics by 45.4% in the third quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company’s stock valued at $76,000 after buying an additional 4,001 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Radiant Logistics in the first quarter valued at about $77,000. Williams & Novak LLC acquired a new position in Radiant Logistics in the fourth quarter valued at about $78,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Radiant Logistics in the fourth quarter valued at about $82,000. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Company Profile

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.