Radiant Logistics (NYSEAMERICAN:RLGT) Downgraded to "Buy" Rating by StockNews.com

Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Thursday.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN RLGT traded down $0.08 during trading on Thursday, reaching $5.75. The stock had a trading volume of 39,001 shares, compared to its average volume of 126,172. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $270.31 million, a PE ratio of 20.54 and a beta of 0.87. Radiant Logistics has a one year low of $4.83 and a one year high of $7.94. The firm's 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.68.

Insiders Place Their Bets

In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the transaction, the chief financial officer now owns 181,704 shares of the company's stock, valued at approximately $1,377,316.32. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Radiant Logistics

Several large investors have recently made changes to their positions in RLGT. FMR LLC lifted its position in Radiant Logistics by 877.2% in the 3rd quarter. FMR LLC now owns 1,490,354 shares of the company's stock worth $9,583,000 after buying an additional 1,337,841 shares in the last quarter. State Street Corp raised its stake in shares of Radiant Logistics by 0.9% during the 3rd quarter. State Street Corp now owns 739,594 shares of the company's stock worth $4,756,000 after purchasing an additional 6,655 shares in the last quarter. Barclays PLC grew its stake in shares of Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after buying an additional 32,556 shares in the last quarter. Geode Capital Management LLC raised its position in Radiant Logistics by 15.9% during the third quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock valued at $5,768,000 after acquiring an additional 123,198 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Radiant Logistics by 20.2% during the 4th quarter. SG Americas Securities LLC now owns 14,809 shares of the company's stock worth $99,000 after purchasing an additional 2,492 shares during the last quarter. Institutional investors own 53.59% of the company's stock.

Radiant Logistics Company Profile

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.