Dimensional Fund Advisors LP raised its position in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 43.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288,236 shares of the company’s stock after purchasing an additional 389,620 shares during the period. Dimensional Fund Advisors LP owned 2.65% of Radiant Logistics worth $6,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Radiant Logistics by 2.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 122,292 shares of the company’s stock worth $659,000 after purchasing an additional 3,105 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Radiant Logistics by 18.8% during the 2nd quarter. Rhumbline Advisers now owns 38,377 shares of the company’s stock worth $206,000 after purchasing an additional 6,080 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Radiant Logistics by 5.2% during the 2nd quarter. GSA Capital Partners LLP now owns 186,581 shares of the company’s stock worth $1,004,000 after purchasing an additional 9,300 shares in the last quarter. Scout Investments Inc. raised its stake in shares of Radiant Logistics by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 272,525 shares of the company’s stock worth $1,466,000 after purchasing an additional 10,125 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in shares of Radiant Logistics by 59.0% during the 2nd quarter. BB&T Securities LLC now owns 46,896 shares of the company’s stock worth $252,000 after purchasing an additional 17,400 shares in the last quarter. 39.47% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on RLGT shares. Cowen and Company reissued a “buy” rating and issued a $7.00 price objective on shares of Radiant Logistics in a research note on Thursday, September 7th. Zacks Investment Research downgraded Radiant Logistics from a “hold” rating to a “sell” rating in a research note on Saturday, September 16th.

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Radiant Logistics Inc (NYSEAMERICAN RLGT) opened at $4.76 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. Radiant Logistics Inc has a one year low of $3.30 and a one year high of $6.65. The firm has a market capitalization of $241.32, a P/E ratio of 17.24 and a beta of 0.80.

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

Radiant Logistics Company Profile

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.

Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

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