285,682 Shares in Radiant Logistics, Inc. $RLGT Acquired by Rothschild Wealth LLC

Rothschild Wealth LLC purchased a new position in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 285,682 shares of the company’s stock, valued at approximately $1,808,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of 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 period. Integrated Wealth Concepts LLC increased its holdings 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 valued at $200,000 after purchasing an additional 20,272 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Radiant Logistics during the 1st quarter valued at approximately $89,000. Empowered Funds LLC increased its holdings in shares of Radiant Logistics by 7.5% during the 1st quarter. Empowered Funds LLC now owns 232,046 shares of the company’s stock valued at $1,427,000 after purchasing an additional 16,141 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Radiant Logistics during the 1st quarter valued at approximately $587,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Radiant Logistics Trading Down 0.5%

Shares of RLGT stock opened at $9.07 on Wednesday. The stock’s fifty day moving average is $8.36 and its two-hundred day moving average is $7.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $424.75 million, a P/E ratio of 26.68 and a beta of 0.82. Radiant Logistics, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.45.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $214.14 million for the quarter, compared to analyst estimates of $222.60 million. Radiant Logistics had a return on equity of 10.19% and a net margin of 1.81%.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their target price on shares of Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $12.00.

Insiders Place Their Bets

In other Radiant Logistics news, CFO Todd Macomber sold 11,868 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.25, for a total value of $109,779.00. Following the transaction, the chief financial officer owned 87,249 shares in the company, valued at approximately $807,053.25. This trade represents a 11.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 19,411 shares of company stock valued at $162,677. Company insiders own 24.30% of the company’s stock.

About Radiant Logistics

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.