RADIANT LOGISTI/SH SH (RLGT) Short Interest Up 1.7% in July

RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 627,454 shares, an increase of 1.7% from the July 13th total of 617,038 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 73,366 shares, the short-interest ratio is currently 8.6 days.

Separately, Zacks Investment Research raised shares of RADIANT LOGISTI/SH SH from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Wednesday, July 4th.

RADIANT LOGISTI/SH SH opened at $4.13 on Friday, MarketBeat.com reports. RADIANT LOGISTI/SH SH has a 12-month low of $3.46 and a 12-month high of $5.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31.

RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. RADIANT LOGISTI/SH SH had a net margin of 0.77% and a return on equity of 3.29%. The company had revenue of $203.92 million for the quarter, compared to analysts’ expectations of $200.51 million. equities analysts expect that RADIANT LOGISTI/SH SH will post 0.27 earnings per share for the current fiscal year.

In other RADIANT LOGISTI/SH SH news, CEO Bohn H. Crain acquired 9,550 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were purchased at an average cost of $3.75 per share, with a total value of $35,812.50. Following the purchase, the chief executive officer now owns 1,017,274 shares in the company, valued at $3,814,777.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in RLGT. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of RADIANT LOGISTI/SH SH during the 1st quarter worth about $1,079,000. 22NW LP raised its holdings in RADIANT LOGISTI/SH SH by 25.1% in the first quarter. 22NW LP now owns 1,784,408 shares of the company’s stock valued at $6,906,000 after buying an additional 357,891 shares during the period. Carillon Tower Advisers Inc. purchased a new position in RADIANT LOGISTI/SH SH in the first quarter valued at approximately $1,155,000. Wasatch Advisors Inc. raised its holdings in RADIANT LOGISTI/SH SH by 44.6% in the first quarter. Wasatch Advisors Inc. now owns 660,328 shares of the company’s stock valued at $2,555,000 after buying an additional 203,603 shares during the period. Finally, Boston Partners raised its holdings in RADIANT LOGISTI/SH SH by 22.2% in the first quarter. Boston Partners now owns 790,500 shares of the company’s stock valued at $3,059,000 after buying an additional 143,500 shares during the period. 39.47% of the stock is currently owned by institutional investors.

About RADIANT LOGISTI/SH SH

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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