Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Short Interest Down 22.1% in January

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 424,169 shares, a decrease of 22.1% from the December 31st total of 544,629 shares. Based on an average daily volume of 117,699 shares, the short-interest ratio is currently 3.6 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 117,699 shares, the short-interest ratio is currently 3.6 days.

Institutional Trading of Radiant Logistics

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in Radiant Logistics by 45.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,822 shares of the company’s stock worth $76,000 after buying an additional 4,001 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Radiant Logistics by 78.4% during the second quarter. Public Employees Retirement System of Ohio now owns 13,729 shares of the company’s stock worth $83,000 after acquiring an additional 6,032 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in shares of Radiant Logistics by 33.3% during the second quarter. Boothbay Fund Management LLC now owns 14,306 shares of the company’s stock worth $87,000 after acquiring an additional 3,572 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Radiant Logistics during the first quarter worth $89,000. Finally, Algert Global LLC bought a new stake in Radiant Logistics in the 3rd quarter valued at $89,000. 53.59% of the stock is owned by institutional investors.

Radiant Logistics Trading Up 2.4%

Shares of NYSEAMERICAN RLGT traded up $0.17 during midday trading on Tuesday, reaching $7.14. 129,025 shares of the stock were exchanged, compared to its average volume of 110,416. Radiant Logistics has a 12 month low of $5.44 and a 12 month high of $7.94. The company has a market capitalization of $334.37 million, a price-to-earnings ratio of 23.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day simple moving average of $6.57 and a two-hundred day simple moving average of $6.27.

Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Radiant Logistics had a return on equity of 12.43% and a net margin of 1.64%.The business had revenue of $226.66 million for the quarter, compared to the consensus estimate of $206.64 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.