Radiant Logistics Inc (RLGT) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA boosted its stake in shares of Radiant Logistics Inc (NASDAQ:RLGT) by 675.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,177 shares of the company’s stock after purchasing an additional 148,241 shares during the quarter. Federated Investors Inc. PA owned 0.35% of Radiant Logistics worth $916,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in shares of Radiant Logistics by 2.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 122,292 shares of the company’s stock valued at $659,000 after buying an additional 3,105 shares in the last quarter. Strs Ohio raised its stake in shares of Radiant Logistics by 173.1% in the 2nd quarter. Strs Ohio now owns 118,000 shares of the company’s stock valued at $634,000 after buying an additional 74,800 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of Radiant Logistics in the 2nd quarter valued at $383,000. Eagle Global Advisors LLC raised its stake in shares of Radiant Logistics by 180.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 56,330 shares of the company’s stock valued at $303,000 after buying an additional 36,210 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in shares of Radiant Logistics by 59.0% in the 2nd quarter. BB&T Securities LLC now owns 46,896 shares of the company’s stock valued at $252,000 after buying an additional 17,400 shares in the last quarter.
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A number of equities analysts have recently issued reports on RLGT shares. Zacks Investment Research cut shares of Radiant Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company restated a “buy” rating and issued a $7.00 price objective on shares of Radiant Logistics in a research note on Thursday, September 7th.
Radiant Logistics Inc (NASDAQ RLGT) opened at 5.05 on Friday. Radiant Logistics Inc has a 52 week low of $2.46 and a 52 week high of $6.65. The firm has a market cap of $245.32 million and a PE ratio of 76.52. The stock has a 50 day moving average of $4.77 and a 200-day moving average of $5.37.
Radiant Logistics (NASDAQ:RLGT) last issued its quarterly earnings results on Tuesday, September 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $187.91 million. Radiant Logistics had a net margin of 0.51% and a return on equity of 1.28%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. Analysts expect that Radiant Logistics Inc will post $0.32 earnings per share for the current year.
About Radiant Logistics
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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