Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Insider Arnold Goldstein Sells 10,584 Shares

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) insider Arnold Goldstein sold 10,584 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $6.41, for a total transaction of $67,843.44. Following the completion of the sale, the insider now owns 12,277 shares in the company, valued at approximately $78,695.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Radiant Logistics Stock Down 0.9 %

RLGT traded down $0.06 on Tuesday, hitting $6.37. 111,939 shares of the stock traded hands, compared to its average volume of 112,668. The firm has a market capitalization of $297.48 million, a price-to-earnings ratio of 57.91 and a beta of 0.84. Radiant Logistics, Inc. has a 52 week low of $4.83 and a 52 week high of $7.10.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $206.03 million for the quarter. Radiant Logistics had a net margin of 0.96% and a return on equity of 10.91%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Radiant Logistics from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Radiant Logistics by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,905,214 shares of the company’s stock worth $19,291,000 after purchasing an additional 59,435 shares during the last quarter. Vanguard Group Inc. raised its position in Radiant Logistics by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,358,299 shares of the company’s stock valued at $12,782,000 after purchasing an additional 13,363 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Radiant Logistics by 10.7% during the first quarter. Wasatch Advisors LP now owns 1,205,550 shares of the company’s stock worth $6,534,000 after purchasing an additional 116,340 shares during the last quarter. Meros Investment Management LP raised its holdings in shares of Radiant Logistics by 1.7% in the second quarter. Meros Investment Management LP now owns 1,154,390 shares of the company’s stock valued at $6,568,000 after buying an additional 19,306 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Radiant Logistics by 26.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,099,874 shares of the company’s stock worth $5,961,000 after acquiring an additional 228,828 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

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.