Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.73 and traded as low as $5.44. Radiant Logistics shares last traded at $5.78, with a volume of 1,260,544 shares traded.
Radiant Logistics Trading Up 7.2 %
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 company has a market cap of $280.65 million, a P/E ratio of 21.32 and a beta of 0.87. The business has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $6.69.
Insider Activity
In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the sale, the chief financial officer now directly owns 181,704 shares of the company's stock, valued at $1,377,316.32. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 24.60% of the company's stock.
Hedge Funds Weigh In On Radiant Logistics
Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew 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 valued at $9,583,000 after buying an additional 1,337,841 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Radiant Logistics by 29.7% in the 4th quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock worth $15,187,000 after acquiring an additional 518,462 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock valued at $17,187,000 after acquiring an additional 177,990 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Radiant Logistics by 15.9% in 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, McGowan Group Asset Management Inc. acquired a new position in shares of Radiant Logistics during the fourth quarter valued at approximately $670,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Radiant Logistics Company Profile
(
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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.
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