Zacks Investment Research cut shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) from a hold rating to a sell rating in a report published on Wednesday morning.

According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “

Separately, Cowen and Company restated a buy rating and set a $7.00 target price on shares of Radiant Logistics in a research note on Thursday, September 7th.

Shares of Radiant Logistics (RLGT) opened at $4.76 on Wednesday. The stock has a market cap of $254.40, a PE ratio of 17.24 and a beta of 0.80. Radiant Logistics has a 1 year low of $3.30 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 1.18.

Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). Radiant Logistics had a return on equity of 12.51% and a net margin of 0.49%. The business had revenue of $198.00 million for the quarter, compared to analyst estimates of $210.37 million. During the same period in the prior year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. research analysts expect that Radiant Logistics will post 0.27 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. TIAA CREF Investment Management LLC increased its stake in Radiant Logistics by 129.9% in the second quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock valued at $4,319,000 after purchasing an additional 453,611 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Radiant Logistics by 43.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,288,236 shares of the company’s stock valued at $6,931,000 after purchasing an additional 389,620 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Radiant Logistics by 109.7% in the third quarter. Wasatch Advisors Inc. now owns 572,440 shares of the company’s stock valued at $3,040,000 after purchasing an additional 299,440 shares during the last quarter. Vanguard Group Inc. increased its stake in Radiant Logistics by 18.1% in the second quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after purchasing an additional 214,528 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Radiant Logistics by 337.5% in the second quarter. Nationwide Fund Advisors now owns 200,809 shares of the company’s stock valued at $1,080,000 after purchasing an additional 154,906 shares during the last quarter. Institutional investors own 39.47% of the company’s stock.

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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