22Nw LP boosted its position in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212,664 shares of the company’s stock after purchasing an additional 59,511 shares during the quarter. Radiant Logistics comprises 3.8% of 22Nw LP’s investment portfolio, making the stock its 3rd biggest position. 22Nw LP owned about 2.47% of Radiant Logistics worth $6,439,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Radiant Logistics by 21.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,558,989 shares of the company’s stock worth $8,278,000 after purchasing an additional 270,753 shares in the last quarter. BB&T Securities LLC raised its position in shares of Radiant Logistics by 30.3% during the 3rd quarter. BB&T Securities LLC now owns 61,096 shares of the company’s stock valued at $324,000 after buying an additional 14,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Radiant Logistics by 22.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 82,934 shares of the company’s stock valued at $441,000 after buying an additional 15,180 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Radiant Logistics by 15.2% during the 3rd quarter. Wells Fargo & Company MN now owns 185,923 shares of the company’s stock valued at $987,000 after buying an additional 24,556 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in shares of Radiant Logistics by 109.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 572,440 shares of the company’s stock valued at $3,040,000 after buying an additional 299,440 shares in the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.
Several analysts have recently weighed in on RLGT shares. Cowen restated a “buy” rating and set a $7.00 price objective on shares of Radiant Logistics in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Radiant Logistics from a “hold” rating to a “sell” rating in a research report on Saturday, September 16th.
Radiant Logistics (NYSEAMERICAN:RLGT) last issued its earnings results on Thursday, November 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $198.00 million during the quarter, compared to analysts’ expectations of $210.37 million. Radiant Logistics had a return on equity of 1.03% and a net margin of 0.45%. Radiant Logistics’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. equities research analysts predict that Radiant Logistics Inc will post 0.27 EPS for the current fiscal year.
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Radiant Logistics Company Profile
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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