Is Radiant Logistics Inc (NYSEMKT:RLGT) Going to Burn These Institutional Investors?

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Logo

Sentiment for Radiant Logistics Inc (NYSEMKT:RLGT)

Radiant Logistics Inc (NYSEMKT:RLGT) institutional sentiment increased to 2.6 in 2018 Q3. Its up 1.29, from 1.31 in 2018Q2. The ratio increased, as 52 investment managers started new and increased equity positions, while 20 sold and trimmed stock positions in Radiant Logistics Inc. The investment managers in our partner’s database now have: 20.42 million shares, up from 17.66 million shares in 2018Q2. Also, the number of investment managers holding Radiant Logistics Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 15 Increased: 28 New Position: 24.

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 $235.47 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 23.8 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 increased 0.21% or $0.01 during the last trading session, reaching $4.76. About 72,701 shares traded. Radiant Logistics, Inc. (NYSEMKT:RLGT) has risen 10.44% since January 14, 2018 and is uptrending. It has outperformed by 10.44% the S&P500.

Analysts await Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) to report earnings on February, 14. They expect $0.12 EPS, up 71.43 % or $0.05 from last year’s $0.07 per share. RLGT’s profit will be $5.94M for 9.92 P/E if the $0.12 EPS becomes a reality. After $0.11 actual EPS reported by Radiant Logistics, Inc. for the previous quarter, Wall Street now forecasts 9.09 % EPS growth.

Perritt Capital Management Inc holds 1.24% of its portfolio in Radiant Logistics, Inc. for 697,700 shares. Kestrel Investment Management Corp owns 311,299 shares or 0.75% of their US portfolio. Moreover, Ack Asset Management Llc has 0.73% invested in the company for 450,000 shares. The California-based Laurel Grove Capital Llc has invested 0.43% in the stock. Menta Capital Llc, a California-based fund reported 203,412 shares.

More important recent Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) news were published by: Prnewswire.com which released: “Radiant Logistics Announces Results For The Third Fiscal Quarter Ended March 31, 2018 – PR Newswire” on May 09, 2018, also Prnewswire.com published article titled: “Radiant Logistics Taps Jennifer Paige Deenihan As Director Of Marketing And Communications In Support Of Expanding Network – PR Newswire”, Prnewswire.com published: “Radiant Logistics Announces Results For The Second Fiscal Quarter Ended December 31, 2017 – PR Newswire” on February 08, 2018. More interesting news about Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was released by: Prnewswire.com and their article: “Radiant Logistics Announces Notice Of Redemption Of 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock – PRNewswire” with publication date: December 06, 2018.

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

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