Radiant Logistics (NYSEAMERICAN:RLGT) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.73 and traded as low as $5.44. Radiant Logistics shares last traded at $5.78, with a volume of 1,260,544 shares traded.

Radiant Logistics Stock Up 1.2 %

The firm has a market cap of $271.72 million, a PE ratio of 20.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50-day moving average price of $6.73.

Insider Transactions at Radiant Logistics

In other news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the sale, the chief financial officer now owns 181,704 shares of the company’s stock, valued at approximately $1,377,316.32. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RLGT. Dimensional Fund Advisors LP boosted its holdings in Radiant Logistics by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,006,978 shares of the company’s stock valued at $20,147,000 after acquiring an additional 40,666 shares during the period. Vanguard Group Inc. boosted its stake in shares of Radiant Logistics by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company’s stock valued at $17,187,000 after purchasing an additional 177,990 shares during the period. Royce & Associates LP grew its holdings in shares of Radiant Logistics by 29.7% in the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company’s stock valued at $15,187,000 after purchasing an additional 518,462 shares in the last quarter. FMR LLC grew its holdings in shares of Radiant Logistics by 877.2% in the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock valued at $9,583,000 after purchasing an additional 1,337,841 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Radiant Logistics by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company’s stock worth $5,768,000 after buying an additional 123,198 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

About Radiant Logistics

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.