Radiant Logistics, Inc. (NYSEAMERICAN:RLGT – Get Free Report) CFO Todd Macomber sold 11,868 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.25, for a total value of $109,779.00. Following the completion of the transaction, the chief financial officer directly owned 87,249 shares in the company, valued at approximately $807,053.25. This represents a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value 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 value of $52,500.00.
Radiant Logistics Stock Performance
NYSEAMERICAN:RLGT opened at $9.12 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.59 and a quick ratio of 1.59. Radiant Logistics, Inc. has a 1 year low of $5.78 and a 1 year high of $9.45. The stock’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $7.38. The company has a market cap of $427.09 million, a price-to-earnings ratio of 26.82 and a beta of 0.82.
Analysts Set New Price Targets
Separately, Lake Street Capital lifted their price objective on Radiant Logistics from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.00.
Check Out Our Latest Analysis on RLGT
Hedge Funds Weigh In On Radiant Logistics
Several large investors have recently modified their holdings of the stock. Verus Capital Partners LLC bought a new position in shares of Radiant Logistics during the 1st quarter valued at approximately $150,000. Renaissance Technologies LLC bought a new position in shares of Radiant Logistics during the 1st quarter valued at approximately $286,000. Arrowstreet Capital Limited Partnership increased its position in shares of Radiant Logistics by 2.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 228,218 shares of the company’s stock valued at $1,609,000 after purchasing an additional 6,098 shares during the last quarter. Sei Investments Co. bought a new position in shares of Radiant Logistics during the 1st quarter valued at approximately $943,000. Finally, Bank of New York Mellon Corp increased its position in shares of Radiant Logistics by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 115,948 shares of the company’s stock valued at $817,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.
About Radiant Logistics
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.
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