Radiant Logistics (NYSEAMERICAN:RLGT) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.73 and traded as low as $5.44. Radiant Logistics shares last traded at $5.78, with a volume of 1,260,544 shares changing hands.

Radiant Logistics Trading Up 1.2 %

The stock has a market cap of $271.72 million, a price-to-earnings ratio of 20.64 and a beta of 0.87. The firm’s fifty day simple moving average is $6.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41.

Insider Activity at Radiant Logistics

In other news, CFO Todd Macomber sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares in the company, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 24.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake in Radiant Logistics by 1.4% during the 4th quarter. Invesco Ltd. now owns 101,315 shares of the company’s stock worth $679,000 after buying an additional 1,408 shares during the last quarter. Rhumbline Advisers grew its position in shares of Radiant Logistics by 2.7% during the fourth quarter. Rhumbline Advisers now owns 54,718 shares of the company’s stock worth $367,000 after acquiring an additional 1,415 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Radiant Logistics by 19.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after acquiring an additional 2,201 shares during the period. SG Americas Securities LLC raised its position in Radiant Logistics by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock valued at $99,000 after purchasing an additional 2,492 shares during the last quarter. Finally, RBF Capital LLC boosted its stake in Radiant Logistics by 5.4% during the 4th quarter. RBF Capital LLC now owns 53,932 shares of the company’s stock worth $361,000 after purchasing an additional 2,751 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.

About Radiant Logistics

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.