Radiant Logistics (NYSEAMERICAN:RLGT) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.90 and traded as low as $6.38. Radiant Logistics shares last traded at $6.51, with a volume of 145,184 shares traded.

Radiant Logistics Stock Down 1.1 %

The firm has a market capitalization of $306.04 million, a P/E ratio of 23.25 and a beta of 0.87. The firm has a 50 day simple moving average of $6.90. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01.

Insider Transactions at Radiant Logistics

In other 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 completion of the transaction, the chief financial officer now owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. This represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 24.60% of the company’s stock.

Institutional Trading of Radiant Logistics

Several institutional investors have recently modified their holdings of the company. Two Sigma Investments LP lifted its holdings in shares of Radiant Logistics by 78.6% in the fourth quarter. Two Sigma Investments LP now owns 51,919 shares of the company’s stock valued at $348,000 after buying an additional 22,856 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Radiant Logistics during the fourth quarter valued at $67,000. McGowan Group Asset Management Inc. purchased a new stake in shares of Radiant Logistics during the fourth quarter valued at $670,000. Deutsche Bank AG lifted its holdings in shares of Radiant Logistics by 47.4% during the fourth quarter. Deutsche Bank AG now owns 43,310 shares of the company’s stock valued at $290,000 after purchasing an additional 13,923 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Radiant Logistics during the fourth quarter valued at $67,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

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.