Rothschild Wealth LLC Makes New Investment in Radiant Logistics, Inc. $RLGT

Rothschild Wealth LLC purchased a new stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 285,682 shares of the company’s stock, valued at approximately $1,808,000. Rothschild Wealth LLC owned about 0.61% of Radiant Logistics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of RLGT. Russell Investments Group Ltd. lifted its position in shares of Radiant Logistics by 54.5% during the third quarter. Russell Investments Group Ltd. now owns 570,026 shares of the company’s stock valued at $3,363,000 after buying an additional 200,994 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Radiant Logistics by 12.4% during the third quarter. Ameriprise Financial Inc. now owns 1,346,699 shares of the company’s stock valued at $7,946,000 after buying an additional 148,381 shares during the last quarter. Royce & Associates LP lifted its position in shares of Radiant Logistics by 5.3% during the fourth quarter. Royce & Associates LP now owns 2,274,423 shares of the company’s stock valued at $14,397,000 after buying an additional 113,720 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Radiant Logistics during the first quarter valued at about $587,000. Finally, Bank of America Corp DE lifted its position in shares of Radiant Logistics by 24.2% during the second quarter. Bank of America Corp DE now owns 449,471 shares of the company’s stock valued at $2,733,000 after buying an additional 87,436 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Todd Macomber sold 11,868 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.25, for a total value of $109,779.00. Following the transaction, the chief financial officer owned 87,249 shares in the company, valued at approximately $807,053.25. This represents a 11.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 19,411 shares of company stock valued at $162,677. 24.30% of the stock is currently owned by corporate insiders.

Radiant Logistics Stock Performance

Shares of Radiant Logistics stock opened at $9.07 on Wednesday. The firm has a market capitalization of $424.75 million, a P/E ratio of 26.68 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $8.36 and a 200 day moving average price of $7.40. Radiant Logistics, Inc. has a 52 week low of $5.78 and a 52 week high of $9.45.

Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $214.14 million during the quarter, compared to analyst estimates of $222.60 million. Radiant Logistics had a net margin of 1.81% and a return on equity of 10.19%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their price target on shares of Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Radiant Logistics presently has a consensus rating of “Buy” and a consensus target price of $12.00.

About Radiant Logistics

Radiant Logistics, Inc, through its subsidiaries, is a third-party logistics (3PL) provider offering freight brokerage, managed transportation, contract logistics and supply chain solutions. The company arranges full-truckload (FTL), less-than-truckload (LTL), intermodal, ocean and air freight across multiple geographies. Radiant also provides customs brokerage, trade compliance services and warehousing support, serving industries such as manufacturing, retail, energy and automotive.

Founded in 2005 and headquartered in Green Bay, Wisconsin, Radiant Logistics has grown its network of client-facing offices throughout North America, with additional service centers in Europe and the Asia Pacific region.