Institutional Investors Are Selling Radiant Logistics Inc (NYSEMKT:RLGT)

May 25, 2018 - By Migdalia James

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Logo

Sentiment for Radiant Logistics Inc (NYSEMKT:RLGT)

Radiant Logistics Inc (NYSEMKT:RLGT) institutional sentiment decreased to 0.98 in Q4 2017. Its down -0.05, from 1.03 in 2017Q3. The ratio worsened, as 39 funds opened new or increased positions, while 40 cut down and sold their equity positions in Radiant Logistics Inc. The funds in our partner’s database reported: 17.65 million shares, up from 17.29 million shares in 2017Q3. Also, the number of funds holding Radiant Logistics Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 28 Increased: 25 New Position: 14.

Radiant Logistics, Inc. operates as a third-party logistics and multi-modal transportation services firm primarily in the United States and Canada. The company has market cap of $199.41 million. The firm offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services. It has a 66.23 P/E ratio. It also provides other value-added logistics services, such as customs brokerage, order fulfillment, inventory management, and warehousing services, as well as distribution solutions.

The stock decreased 0.49% or $0.02 during the last trading session, reaching $4.04. About 21,411 shares traded. Radiant Logistics, Inc. (NYSEMKT:RLGT) has declined 21.98% since May 25, 2017 and is downtrending. It has underperformed by 33.53% the S&P500.

Analysts await Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) to report earnings on September, 11. They expect $0.13 earnings per share, up 85.71 % or $0.06 from last year’s $0.07 per share. RLGT’s profit will be $6.42 million for 7.77 P/E if the $0.13 EPS becomes a reality. After $0.05 actual earnings per share reported by Radiant Logistics, Inc. for the previous quarter, Wall Street now forecasts 160.00 % EPS growth.

Laurel Grove Capital Llc holds 0.9% of its portfolio in Radiant Logistics, Inc. for 378,610 shares. Perritt Capital Management Inc owns 645,591 shares or 0.83% of their US portfolio. Moreover, Menta Capital Llc has 0.3% invested in the company for 336,966 shares. The Illinois-based Ativo Capital Management Llc has invested 0.21% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 525,300 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $93,717 activity.

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Institutional Positions Chart

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