Arnold Goldstein Sells 10,584 Shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) insider Arnold Goldstein sold 10,584 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $6.41, for a total transaction of $67,843.44. Following the sale, the insider now directly owns 12,277 shares of the company’s stock, valued at approximately $78,695.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Radiant Logistics Trading Down 0.9 %

NYSEAMERICAN RLGT opened at $6.31 on Thursday. Radiant Logistics, Inc. has a twelve month low of $4.83 and a twelve month high of $7.10. The stock has a market cap of $294.68 million, a price-to-earnings ratio of 57.37 and a beta of 0.84.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $206.03 million for the quarter. Radiant Logistics had a return on equity of 10.91% and a net margin of 0.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Radiant Logistics from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

Institutional Investors Weigh In On Radiant Logistics

Hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC increased its stake in Radiant Logistics by 26.3% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,099,874 shares of the company’s stock worth $5,961,000 after purchasing an additional 228,828 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Radiant Logistics by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock worth $198,000 after purchasing an additional 2,699 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Radiant Logistics by 17.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 67,087 shares of the company’s stock worth $445,000 after buying an additional 9,824 shares during the period. Vanguard Group Inc. raised its holdings in Radiant Logistics by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,358,299 shares of the company’s stock valued at $12,782,000 after buying an additional 13,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Radiant Logistics by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,905,214 shares of the company’s stock valued at $19,291,000 after buying an additional 59,435 shares during the period. 53.59% of the stock is currently owned by institutional investors.

About Radiant Logistics

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.