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

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was the target of a large 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. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 117,699 shares, the short-interest ratio is currently 3.6 days. Based on an average daily trading volume, of 117,699 shares, the short-interest ratio is currently 3.6 days. Currently, 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Radiant Logistics

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Radiant Logistics by 16.7% during the 1st quarter. AQR Capital Management LLC now owns 34,738 shares of the company’s stock worth $214,000 after purchasing an additional 4,982 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Radiant Logistics by 165.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 32,517 shares of the company’s stock worth $200,000 after buying an additional 20,272 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Radiant Logistics during the first quarter worth approximately $89,000. Empowered Funds LLC raised its stake in shares of Radiant Logistics by 7.5% during the first quarter. Empowered Funds LLC now owns 232,046 shares of the company’s stock worth $1,427,000 after buying an additional 16,141 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Radiant Logistics in the first quarter valued at approximately $587,000. Institutional investors own 53.59% of the company’s stock.

Radiant Logistics Price Performance

RLGT traded up $0.17 during midday trading on Tuesday, hitting $7.14. The company had a trading volume of 129,025 shares, compared to its average volume of 110,416. Radiant Logistics has a twelve month low of $5.44 and a twelve month high of $7.94. The company has a market capitalization of $334.37 million, a PE ratio of 23.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s 50-day simple moving average is $6.57 and its 200-day simple moving average is $6.27.

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

Radiant Logistics Company Profile

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.