North Star Investment Management Corp. Acquires New Holdings in Radiant Logistics, Inc. $RLGT

North Star Investment Management Corp. acquired a new stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 235,000 shares of the company’s stock, valued at approximately $1,657,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Wealth LLC bought a new position in Radiant Logistics in the 4th quarter worth approximately $1,808,000. Royce & Associates LP raised its stake in Radiant Logistics by 5.3% during the 4th quarter. Royce & Associates LP now owns 2,274,423 shares of the company’s stock valued at $14,397,000 after acquiring an additional 113,720 shares in the last quarter. Bristlecone Value Partners LLC acquired a new position in Radiant Logistics during the 4th quarter worth $370,000. Ritholtz Wealth Management acquired a new position in Radiant Logistics during the 1st quarter worth $77,000. Finally, Oxford Asset Management LLP bought a new position in shares of Radiant Logistics in the fourth quarter worth $67,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Radiant Logistics

In other news, CFO Todd Macomber sold 11,868 shares of Radiant Logistics stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.25, for a total transaction of $109,779.00. Following the transaction, the chief financial officer directly owned 87,249 shares in the company, valued at approximately $807,053.25. This trade represents a 11.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price target on Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.00.

Radiant Logistics Trading Up 0.6%

Shares of NYSEAMERICAN:RLGT opened at $9.38 on Tuesday. The company has a 50 day moving average of $8.60 and a 200-day moving average of $7.57. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The firm has a market cap of $439.27 million, a P/E ratio of 27.59 and a beta of 0.82. Radiant Logistics, Inc. has a twelve month low of $5.78 and a twelve month high of $9.45.

Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Radiant Logistics had a net margin of 1.81% and a return on equity of 10.19%. The business had revenue of $214.13 million for the quarter, compared to analyst estimates of $222.60 million.

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.