Radiant Logistics (NYSEAMERICAN:RLGT) Rating Reiterated by Cowen

Cowen reissued their buy rating on shares of Radiant Logistics (NYSEAMERICAN:RLGT) in a research report report published on Tuesday, AnalystRatings.com reports.

Separately, Zacks Investment Research downgraded shares of Radiant Logistics from a buy rating to a hold rating in a research note on Wednesday, November 13th.

RLGT stock opened at $4.82 on Tuesday. Radiant Logistics has a 12-month low of $4.40 and a 12-month high of $7.33.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its earnings results on Monday, February 10th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $201.93 million during the quarter.

In other Radiant Logistics news, CFO Todd Macomber sold 10,000 shares of Radiant Logistics stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $5.65, for a total value of $56,500.00. Following the completion of the sale, the chief financial officer now directly owns 198,048 shares of the company’s stock, valued at $1,118,971.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 23.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RLGT. Nuveen Asset Management LLC bought a new stake in shares of Radiant Logistics during the second quarter worth about $6,658,000. Russell Investments Group Ltd. increased its position in shares of Radiant Logistics by 40.0% during the third quarter. Russell Investments Group Ltd. now owns 2,532,066 shares of the company’s stock worth $13,092,000 after acquiring an additional 724,092 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Radiant Logistics by 13.1% during the second quarter. Vanguard Group Inc. now owns 1,831,774 shares of the company’s stock worth $11,247,000 after acquiring an additional 212,462 shares in the last quarter. BlackRock Inc. increased its position in shares of Radiant Logistics by 5.7% during the second quarter. BlackRock Inc. now owns 2,871,733 shares of the company’s stock worth $17,632,000 after acquiring an additional 154,810 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Radiant Logistics by 2,027.2% during the fourth quarter. Bank of Montreal Can now owns 148,757 shares of the company’s stock worth $828,000 after acquiring an additional 141,764 shares in the last quarter. 39.47% of the stock is owned by hedge funds and other institutional investors.

Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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