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

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

Radiant Logistics Price Performance

Shares of RLGT stock opened at $6.37 on Wednesday. The company has a market capitalization of $297.48 million, a P/E ratio of 13.98 and a beta of 0.84. Radiant Logistics, Inc. has a 12-month low of $4.83 and a 12-month high of $7.10.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Radiant Logistics had a return on equity of 10.91% and a net margin of 0.96%. The company had revenue of $206.03 million during the quarter.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Radiant Logistics

Several large investors have recently bought and sold shares of RLGT. Price T Rowe Associates Inc. MD acquired a new stake in shares of Radiant Logistics in the first quarter valued at $55,000. Beacon Bridge Wealth Partners LLC acquired a new position in Radiant Logistics during the second quarter worth about $73,000. The Manufacturers Life Insurance Company raised its position in Radiant Logistics by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock worth $92,000 after acquiring an additional 3,533 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Radiant Logistics in the 2nd quarter valued at about $145,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Radiant Logistics by 8.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 36,559 shares of the company’s stock valued at $198,000 after purchasing an additional 2,699 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Radiant Logistics Company Profile

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.